Buy EUR/USD – 30M – BUY

Then a ‘Falling Wedge Chart Pattern’ chart layout is found. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive pattern signal. The currency pair is likely to go up.

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

A bullish movement upwards to the next resistance line at 1.15864 is expected.

Caution: A possible reversal of the trend in the direction of support at 1.15234 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern 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).

Support & Resistance Price Range*
3rd High 1.16311
2nd High 1.16143
Next High 1.15864
Current Price 1.15836
Next Low 1.15234
2nd Low 1.14886
3rd Low 1.14051

1.15864 – 1.15691 – 1.15603 – 1.15234 – 1.14886 – 1.15634

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