The currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 1.15752 will persist.
Caution: A possible counter-trend in the direction of the support zone at 1.15237 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. this 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16267 |
| 2nd High | 1.16051 |
| Next High | 1.15752 |
| Current Price | 1.15816 |
| Next Low | 1.15237 |
| 2nd Low | 1.15048 |
| 3rd Low | 1.14571 |
1.15752 – 1.15712 – 1.15684 – 1.15237 – 1.15338 – 1.15048 —
1.15646 – 1.15750 —
62.034946354985 – 58.961306287967 —
– —
1.15752 – 1775561400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –