EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline upwards

A bullish movement upwards to the next resistance at 1.17622 is certain.

Caution: A possible reversal of the trend in the direction of support at 1.16801 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ” indicator layout is found. The indicator shows ”. which could be a positive chart scenario. The pair is likely to go up.

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There is also a ‘StochRSI %K crosses above 0.2’ indicator layout is found. The indicator shows ‘StochRSI %K crosses above 0.2’. which could be a positive chart scenario. The pair is likely to go up.

There is also a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The pair is likely to go up.

There is also a ‘Latter Bottom’ candle pattern is existing. The chart shows ‘Latter Bottom’. 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 success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.17622 – 1.17756 – 1.17906 – 1.17188 – 1.17466 – 1.17289 —
1.17068 – 1.17012 —
34.351650895202 – 29.914743736014 —
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1.17622 – 1776844800

Trading Signals: FOREX – EUR – EUR/USD – USD – Latter Bottom – – – – – – – – –