EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 1.1647 is considered certain.
Caution: A possible change in the direction of the support zone at 1.15069 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.16543 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.1647 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Rising Window’ candlestick chart pattern is existing. The candles show ‘Rising Window’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18264 |
| 2nd High | 1.16543 |
| Next High | 1.1647 |
| Current Price | 1.16361 |
| Next Low | 1.15069 |
| 2nd Low | 1.14908 |
| 3rd Low | 1.14682 |
1.1621 – 1.16209 – 1.1647 – 1.15069 – 1.15584 – 1.15298 —
1.15681 – 1.16333 —
48.134810238435 – 60.906866736704 —
– —
1.1621 – 1772827200
Trading Signals: FOREX – EUR – EUR/USD – USD – Rising Window – – – – – – – – –