EUR/USD – 1H – BUY

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

An ascending movement up to the next resistance at 1.16132 is certain.

Caution: A possible trend reversal in the direction of support at 1.15762 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. 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).

1.16132 – 1.15955 – 1.15501 – 1.15762 – 1.15467 – 1.15112 —
1.15965 – 1.15959 —
54.800511619896 – 53.582221007537 —
– —
1.16132 – 1764216000

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