EUR/USD – 4H – BUY

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

A bullish movement upwards to the next resistance line at 1.16556 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.14908 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. 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).

1.16556 – 1.16053 – 1.15907 – 1.14908 – 1.14682 – 1.15764 —
1.15280 – 1.15362 —
40.473088900551 – 49.008955108603 —
– —
1.16556 – 1763049600

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