EUR/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.154905 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.15522 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle chart pattern is discovered. 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 chance of ‘Northern Doji’ going 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 | 1.15220 |
| Next Low | 1.14908 |
| 2nd Low | 1.14682 |
| 3rd Low | 1.14532 |
1.15522 – 1.15496 – 1.15969 – 1.14908 – 1.15008 – 1.1571 —
1.15174 – 1.15187 —
47.094902760353 – 48.460468386249 —
– —
1.15522 – 1763719200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –