EUR/USD – 1H – BUY

The currency pair Euro/US Dollar (EUR/USD) jumps from the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance line at 1.17425 is certain.

Caution: A possible trend reversal in the direction of the support level at 1.16834 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

1.17425 – 1.17541 – 1.17644 – 1.16834 – 1.16586 – 1.17129 —
1.16885 – 1.17016 —
39.068846501697 – 42.767329385456 —
– —
1.17425 – 1767690000

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