EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.14653 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.14509 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘MACD-Hist Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD-Hist Bullish Divergence’. chart signal.
Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15279 |
| 2nd High | 1.14871 |
| Next High | 1.14653 |
| Current Price | 1.14574 |
| Next Low | 1.14509 |
| 2nd Low | 1.14466 |
| 3rd Low | 1.14428 |
1.14653 – 1.14871 – 1.15279 – 1.14509 – 1.14529 – 1.14776 —
1.14459 – 1.14488 —
31.459259984809 – 45.677295386983 —
– —
1.14653 – 1781839800
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –