EUR/USD – 1H – BUY

The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 1.18377 will persist.

Caution: A possible counter-trend in the direction of the support line at 1.17901 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI Bullish Divergence’ indicator layout is found. The indicator shows ‘RSI Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Das Paar wird voraussichtlich nach oben gehen.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Besides a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.18377 – 1.18241 – 1.19543 – 1.17901 – 1.17797 – 1.17756 —
1.17906 – 1.17949 —
36.916014831562 – 46.10883280358 —
– —
1.18377 – 1770199200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –