EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 1.15891 is certain.
Caution: A possible counter-trend in the direction of support at 1.15025 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
In addition a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.1644 |
| 2nd High | 1.15894 |
| Next High | 1.15891 |
| Current Price | 1.16051 |
| Next Low | 1.15025 |
| 2nd Low | 1.14994 |
| 3rd Low | 1.14571 |
1.15891 – 1.15894 – 1.15727 – 1.15567 – 1.15025 – 1.15253 —
1.15720 – 1.15774 —
50.187758374393 – 53.058948646366 —
– —
1.15891 – 1781265600
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – – – – – – – – –