EUR/USD – 30M – BUY

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

An ascent up to the next resistance at 1.15855 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.15112 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15855 – 1.15299 – 1.15203 – 1.15112 – 1.1511 – 1.15093 —
1.15728 – 1.15864 —
56.037323798025 – 60.212398760503 —
– —
1.15855 – 1764100800

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