EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 1.15522 will persist.
Caution: A possible change in the direction of the support level at 1.14908 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘RSI Hidden Bullish Divergence’. chart signal.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16073 |
| 2nd High | 1.15969 |
| Next High | 1.15522 |
| Current Price | 1.15157 |
| Next Low | 1.14908 |
| 2nd Low | 1.14682 |
| 3rd Low | 1.14532 |
1.15522 – 1.15496 – 1.15969 – 1.14908 – 1.15008 – 1.1571 —
1.15078 – 1.15127 —
37.62824410065 – 43.678783849548 —
– —
1.15522 – 1763719200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –