EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 1.18294 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.17074 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.18294 |
| Current Price | 1.18048 |
| Next Low | 1.17074 |
| 2nd Low | 1.16875 |
| 3rd Low | 1.16805 |
1.18294 – 1.17536 – 1.17450 – 1.17074 – 1.16875 – 1.16805
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji –