Also there is a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 1.14473 will persist.
Caution: A possible change in the direction of the support zone at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14947 |
| 2nd High | 1.14569 |
| Next High | 1.14473 |
| Current Price | 1.14238 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.14473 – 1.14353 – 1.14305 – 1.14153 – 1.13726 – 1.13862
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji