The currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 1.16158 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.14841 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. 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 | 1.1667 |
| 2nd High | 1.1645 |
| Next High | 1.16158 |
| Current Price | 1.16013 |
| Next Low | 1.14841 |
| 2nd Low | 1.14427 |
| 3rd Low | 1.14139 |
1.15715 – 1.15804 – 1.16158 – 1.14841 – 1.15343 – 1.15242 —
1.16150 – 1.16002 —
60.287054181811 – 56.09035769727 —
– —
1.15715 – 1774040400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –