EUR/USD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.14246 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.13737 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.1402062 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.14246 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

1.14246 – 1.13805 – 1.13883 – 1.13737 – 1.13291 – 1.13395

Download EUR/USD Signal Image

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