EUR/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.15684 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.15684 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16267 |
| 2nd High | 1.16051 |
| Next High | 1.15684 |
| Current Price | 1.15598 |
| Next Low | 1.15048 |
| 2nd Low | 1.14571 |
| 3rd Low | 1.14466 |
1.15684 – 1.15288 – 1.15487 – 1.15048 – 1.15289 – 1.15318 —
1.15579 – 1.15542 —
68.741755600999 – 63.415160744772 —
– —
1.15684 – 1775471400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –