EUR/USD – 1H – BUY

The combination Euro/US Dollar (EUR/USD) goes from the bearish trendline upwards

The bullish trend up to the next resistance line at 1.18487 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.16637 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Moreover a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘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).

1.18487 – 1.17874 – 1.18235 – 1.17717 – 1.17666 – 1.17716 —
1.18043 – 1.17451 —
52.149304534151 – 32.537051705805 —
– —
1.18487 – 1776441600

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –