EUR/USD – 30M – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance line at 1.17266 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.16936 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. chart signal.

Furthermore a ‘MACD-Hist Bullish Divergence’ indicator signal is existing. The indicator shows ‘MACD-Hist Bullish Divergence’. chart signal.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.17116 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.17266 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.17266 – 1.17545 – 1.1689 – 1.16936 – 1.16724 – 1.16687 —
1.17066 – 1.16927 —
41.46054898524 – 37.992584988585 —
– —
1.17266 – 1777345200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –