EUR/USD – 30M – BUY

Additionally a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to go up.

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

A bullish movement upwards to the next resistance at 1.14473 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.14153 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.14473 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.14473 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

1.14473 – 1.14353 – 1.14305 – 1.14153 – 1.13726 – 1.13862

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