EUR/USD – 1H – BUY

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

An ascent upwards to the next resistance at 1.15955 is likely expected.

Caution: A possible trend reversal in the direction of support at 1.15467 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15955 – 1.15501 – 1.15522 – 1.15467 – 1.15112 – 1.14908 —
1.15815 – 1.15969 —
55.627927833336 – 62.80971411016 —
1.15467 – 1764172800 —
1.15955 – 1764144000

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