EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 1.15777 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.15282 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16448 |
| 2nd High | 1.1644 |
| Next High | 1.15777 |
| Current Price | 1.15399 |
| Next Low | 1.15282 |
| 2nd Low | 1.15265 |
| 3rd Low | 1.14994 |
1.15777 – 1.15544 – 1.15393 – 1.15282 – 1.15265 – 1.15271 —
1.15523 – 1.15423 —
45.048784106711 – 38.810944606412 —
– —
1.15777 – 1781020800
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –