EUR/USD – 30M – BUY

Additionally a ‘Double bottom chart pattern’ chart layout is found. The formation shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.

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

An ascending movement up to the next resistance at 1.16604 is likely expected.

Caution: A possible trend reversal in the direction of support at 1.16178 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.16581 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 1.16604 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is detected. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16604 – 1.16621 – 1.16826 – 1.16178 – 1.16457 – 1.16423 —
1.16374 – 1.16258 —
46.893638046274 – 34.982836572235 —
– —
1.16604 – 1767972600

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –