EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

An ascending movement up to the next resistance line at 1.17201 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.16609 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.

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

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.17201 – 1.17545 – 1.17161 – 1.16609 – 1.1677 – 1.16936 —
1.16814 – 1.16972 —
38.987546619583 – 48.678098257101 —
– —
1.17201 – 1777431600

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