EUR/USD – 4H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards

A bullish movement up to the next resistance line at 1.15777 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.14994 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.16415804 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.15777 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. 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).

1.15777 – 1.16448 – 1.16855 – 1.14994 – 1.15942 – 1.16064 —
1.15402 – 1.15781 —
36.597514149237 – 52.169345067741 —
– —
1.15777 – 1781020800

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