EUR/USD – 30M – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
An ascent up to the next resistance level at 1.16145 will continue.
Caution: A possible change in the direction of support at 1.15816 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16533 |
| 2nd High | 1.16243 |
| Next High | 1.16145 |
| Current Price | 1.15999 |
| Next Low | 1.15816 |
| 2nd Low | 1.15786 |
| 3rd Low | 1.15626 |
1.16145 – 1.16243 – 1.16533 – 1.15816 – 1.15946 – 1.16058 —
1.15925 – 1.15955 —
44.870871722604 – 49.438361258598 —
– —
1.16145 – 1763371800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – –