EUR/USD – 30M – BUYBesides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.17266 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.17545 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Tri-Star’ candlestick chart pattern is existing. The candles show ‘Bullish Tri-Star’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17756 |
| 2nd High | 1.17622 |
| Next High | 1.17545 |
| Current Price | 1.17303 |
| Next Low | 1.16546 |
| 2nd Low | 1.165 |
| 3rd Low | 1.16429 |
1.1689 – 1.17092 – 1.17201 – 1.16546 – 1.16609 – 1.1677 —
1.17307 – 1.17360 —
67.769207994028 – 66.293545086372 —
– —
1.1689 – 1777518000
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Tri-Star – – – – – – – – –