EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 1.17413 is certain.
Caution: A possible change in the direction of support at 1.1701 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17796 |
| 2nd High | 1.17473 |
| Next High | 1.17413 |
| Current Price | 1.17692 |
| Next Low | 1.1701 |
| 2nd Low | 1.16595 |
| 3rd Low | 1.16297 |
1.17413 – 1.17473 – 1.17457 – 1.1701 – 1.16595 – 1.1682 — 69.4518622484 – 72.714175807739 — 100 – 100 – 95.757753071972 – 100
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –