The combination Euro/US Dollar (EUR/USD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.15095 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.15417 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15969 |
| 2nd High | 1.15905 |
| Next High | 1.15417 |
| Current Price | 1.15184 |
| Next Low | 1.15095 |
| 2nd Low | 1.14682 |
| 3rd Low | 1.14532 |
1.15417 – 1.15905 – 1.15969 – 1.15095 – 1.15177 – 1.1572 —
1.15229 – 1.15291 —
40.38969697052 – 49.936333567114 —
– —
1.15417 – 1763600400
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – –