EUR/USD – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 1.18107 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.17716 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.18107 – 1.17389 – 1.17231 – 1.17716 – 1.16637 – 1.1677 —
1.18076 – 1.18029 —
60.282806874475 – 60.413047785442 —
– —
1.18107 – 1776186000

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