EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 1.14305 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 1.13862 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14569 |
| 2nd High | 1.14388 |
| Next High | 1.14305 |
| Current Price | 1.14323 |
| Next Low | 1.13862 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.14305 – 1.14388 – 1.14309 – 1.13862 – 1.13713 – 1.14308
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji