EUR/USD – 30M – BUY

Furthermore a ‘Double bottom chart pattern’ chart formation is existing. The chart picture forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.

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

A bullish ascent up to the next resistance at 1.14353 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.13726 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.14388 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.14353 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.14353 – 1.14305 – 1.14388 – 1.13726 – 1.13862 – 1.13713

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