EUR/USD – 4H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.

An ascent upwards to the next resistance at 1.16556 is certain.

Caution: A possible counter-trend in the direction of the support zone at 1.14682 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.16556 – 1.16053 – 1.15907 – 1.14682 – 1.15764 – 1.15423 —
1.16079 – 1.16073 —
47.00855511776 – 42.194593959759 —
– —
1.16556 – 1763049600

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