EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 1.17796 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.16595 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern 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 | 1.18098 |
| 2nd High | 1.17871 |
| Next High | 1.17796 |
| Current Price | 1.17385 |
| Next Low | 1.16595 |
| 2nd Low | 1.16297 |
| 3rd Low | 1.16077 |
1.17303 – 1.17796 – 1.17591 – 1.16595 – 1.1682 – 1.16297 — 61.815777553401 – 63.906407574565 — 81.973989921849 – 82.230469810808 – 82.253603290989 – 82.478232736221
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –