EUR/USD – 4H – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the bearish trendline upwards
A bullish trend upwards to the next resistance level at 1.17587 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.15736 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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 | 1.18196 |
| 2nd High | 1.17783 |
| Next High | 1.17587 |
| Current Price | 1.16332 |
| Next Low | 1.15736 |
| 2nd Low | 1.14532 |
| 3rd Low | 1.14459 |
1.17587 – 1.17783 – 1.18196 – 1.16513 – 1.16827 – 1.16452 —
37.6431268887 – 39.063207825844 —
33.165178496359 – 41.275013885659 – 20.282275919667 – 30.075522825709
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –