EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance at 1.17457 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.16595 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17871 |
| 2nd High | 1.17796 |
| Next High | 1.17457 |
| Current Price | 1.17302 |
| Next Low | 1.16595 |
| 2nd Low | 1.16297 |
| 3rd Low | 1.16077 |
1.17457 – 1.17303 – 1.17796 – 1.16595 – 1.1682 – 1.16297 — 53.266410207541 – 56.866440863092 — 3.076443019942 – 12.550277051163 – 10.117506084788 – 5.8181077768964
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –