EUR/USD – 4H – BUY

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

A bullish ascent upwards to the next resistance level at 1.17545 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.16546 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish SBS White Lines’ chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.17545 – 1.18487 – 1.16267 – 1.16546 – 1.16687 – 1.17289 —
1.17685 – 1.17174 —
65.01700262605 – 39.474066685231 —
– —
1.17545 – 1777291200

Trading Signals: FOREX – EUR – EUR/USD – USD – Bearish SBS White Lines – – – – – – – – –