EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 1.1621 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.15069 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.15806 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.1621 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16543 |
| 2nd High | 1.1647 |
| Next High | 1.1621 |
| Current Price | 1.15598 |
| Next Low | 1.15069 |
| 2nd Low | |
| 3rd Low |
1.1621 – 1.16209 – 1.1647 – 1.15069 – 1.15584 – 1.15298 —
1.15234 – 1.15648 —
28.720784043647 – 43.557585275827 —
1.15069 – 1773028800 —
1.1621 – 1772827200
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –