EUR/USD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 1.15501 is certain.

Caution: A possible counter-trend in the direction of the support line at 1.15112 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ” indicator layout is found. The indicator shows ”. which is often a bullish signal. The currency pair is likely to rise.

!

Moreover a ” indicator layout is found. The indicator shows ”. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.15718604 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.15501 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ chart pattern is detected. The chart shows ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15501 – 1.15522 – 1.15496 – 1.15112 – 1.14908 – 1.15008 —
1.15178 – 1.15565 —
44.768638495741 – 61.56458246536 —
1.15112 – 1764054000 —
1.15501 – 1763992800

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