EUR/USD – 1H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance line at 1.1462 is expected.

Caution: A possible trend reversal in the direction of the support line at 1.1382 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.1446941 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 1.1462 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.1462 – 1.14723 – 1.14114 – 1.14201 – 1.1382 – 1.13791 —
1.14285 – 1.14222 —
38.197711225571 – 35.199326211236 —
– —
1.1462 – 1783069200

Trading Signals: FOREX – EUR – EUR/USD – USD – Three Outside Up – – – – – – – – –