EUR/USD – 1H – SELL

The combination Euro/US Dollar (EUR/USD) moves from the ascending trendline down.

A bearish trend down to the next support line at 1.16699 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.17425 could occur.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. 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).

1.17425 – 1.17683 – 1.16613 – 1.16699 – 1.17104 – 1.15766 —
1.17476 – 1.17535 —
75.706770989349 – 68.543996609685 —
– —
1.17425 – 1769007600

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