EUR/USD – 4H – BUY

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.1973923 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.18377 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.18377 – 1.20821 – 1.17683 – 1.17756 – 1.15766 – 1.16178 —
1.18025 – 1.18332 —
38.159893685866 – 52.560430262206 —
– —
1.18377 – 1770192000

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