The combination Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 1.17779 will continue.
Caution: A possible change in the direction of the support line at 1.17225 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17963 |
| Next High | 1.17779 |
| Current Price | 1.17691 |
| Next Low | 1.17225 |
| 2nd Low | 1.16896 |
| 3rd Low | 1.1676 |
1.17779 – 1.1763 – 1.17963 – 1.17225 – 1.17446 – 1.17414 —
1.17384 – 1.17732 —
50.322924157269 – 73.856024621176 —
– —
1.17779 – 1778157000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –