EUR/USD – 1H – BUY

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

A bullish movement upwards to the next resistance line at 1.16443 will continue.

Caution: A possible change in the direction of the support level at 1.15981 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.16882 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.16443 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency 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).

1.16443 – 1.17587 – 1.17582 – 1.15981 – 1.16513 – 1.16827 —
54.971816730832 – 57.045851480418 —
95.174061568233 – 100 – 94.810221657793 – 96.782707712155

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –