The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 1.18071 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1.17416 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18571 |
| 2nd High | 1.18481 |
| Next High | 1.18071 |
| Current Price | 1.17877 |
| Next Low | 1.17416 |
| 2nd Low | 1.16699 |
| 3rd Low | 1.15766 |
1.18071 – 1.18481 – 1.18571 – 1.17416 – 1.17815 – 1.18045 —
1.17563 – 1.17819 —
35.706736407552 – 50.608741729085 —
– —
1.18071 – 1771498800
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –