The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance at 1.14723 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.1377 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16448 |
| 2nd High | 1.16216 |
| Next High | 1.14723 |
| Current Price | 1.14666 |
| Next Low | 1.1377 |
| 2nd Low | 1.13613 |
| 3rd Low | 1.13241 |
1.14604 – 1.14723 – 1.14362 – 1.1377 – 1.13909 – 1.13613 —
1.14622 – 1.14418 —
58.832976671978 – 56.478694423297 —
– —
1.14604 – 1783656000
Trading Signals: FOREX – EUR – EUR/USD – USD – Three White Soldiers – – – – – – – – –