EUR/USD – 1H – BUY

The pair Euro/US Dollar (EUR/USD) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 1.14388 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.13862 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish 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 will continue. Target of the current trend is 1.142575 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.14388 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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