EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance level at 1.18377 will continue.

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

Next a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Next a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator is ‘MACD-Hist Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.18377 – 1.18241 – 1.19543 – 1.17901 – 1.17797 – 1.17756 —
1.18072 – 1.17913 —
42.925206377716 – 39.579754101191 —
– —
1.18377 – 1770199200

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