EUR/USD – 1H – BUY

Next a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to go up.

The pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance at 1.14473 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.13726 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.14473 – 1.14353 – 1.14388 – 1.13726 – 1.13862 – 1.13713

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