The currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.17545 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.17184 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ” indicator layout is existing. The indicator is ”. which is often a bullish signal. The currency pair is likely to rise.
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There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17756 |
| 2nd High | 1.17622 |
| Next High | 1.17545 |
| Current Price | 1.17785 |
| Next Low | 1.17184 |
| 2nd Low | 1.16546 |
| 3rd Low | 1.165 |
1.17412 – 1.1689 – 1.17092 – 1.17184 – 1.17238 – 1.16546 —
1.17380 – 1.17618 —
51.25435689254 – 60.888863838801 —
– —
1.17412 – 1777586400
Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –