EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 1.1647 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.15742 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17955 |
| 2nd High | 1.16543 |
| Next High | 1.1647 |
| Current Price | 1.16201 |
| Next Low | 1.15742 |
| 2nd Low | 1.15298 |
| 3rd Low | 1.15112 |
1.1647 – 1.16543 – 1.16255 – 1.15742 – 1.15298 – 1.16713 —
1.16045 – 1.16118 —
30.491196670884 – 47.903483908259 —
– —
1.1647 – 1772681400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –