EUR/USD – 1H – BUYIn addition a ‘Double top retreat up’ chart layout is found. The formation shows ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to go up.
The currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 1.17541 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.16147 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI Bullish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Bullish Divergence’. chart scenario.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17886 |
| 2nd High | 1.17644 |
| Next High | 1.17541 |
| Current Price | 1.17144 |
| Next Low | 1.16147 |
| 2nd Low | 1.15908 |
| 3rd Low | 1.1589 |
1.17541 – 1.17644 – 1.17589 – 1.17129 – 1.17197 – 1.1749 —
1.16918 – 1.16870 —
34.965546713181 – 42.248814011588 —
– —
1.17541 – 1767376800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double top retreat up – – – – – – – –