EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) moves from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance line at 1.14388 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.13862 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.142575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.14388 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.14388 – 1.14947 – 1.14345 – 1.13862 – 1.13713 – 1.14042

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji