FOREXCOM:EURUSD   Euro / U.S. Dollar
1
Price action has just formed a few meaningful signals. Price has just hit a support area of a pivot point, and a previous support line! Looks like it found support there, it formed railway tracks on the 15 minute and the 30 minute and started to push up breaking a trend line in the meantime, confirming a small move higher! On the hourly chart we have the formation of a distinct hammer candlestick, which tells us price should continue heading up. We also have a distinct railway tracks that formed right on the green support line, which is the previous resistance that became support! 3 sets of railway tracks, lots of trend line breaks, support being used, only one way to go!

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