EUR/USD – 30M – BUY

The currency pair Euro/US Dollar (EUR/USD) moves from the descending trendline up.

The bullish trend up to the next resistance level at 1.17622 is expected.

Caution: A possible change in the direction of support at 1.16801 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Three Outside Up’ candlestick pattern is found. The chart forms ‘Three Outside Up’. which 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.17622 – 1.17756 – 1.17906 – 1.17188 – 1.17466 – 1.17289 —
1.17063 – 1.17068 —
32.285622654308 – 34.351651115223 —
– —
1.17622 – 1776844800

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