EUR/USD – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.17888 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.18487 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bullish Engulfing’ candle pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

1.18487 – 1.17874 – 1.18235 – 1.17289 – 1.17717 – 1.17666 —
1.17451 – 1.17653 —
32.537051493796 – 47.11185441813 —
– —
1.18487 – 1776441600

Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Engulfing – – – – – – – – –