EUR/USD – 4H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.

A bullish trend up to the next resistance line at 1.16556 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.14908 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.16556 – 1.16053 – 1.15907 – 1.14908 – 1.14682 – 1.15764 —
1.16017 – 1.16054 —
53.638873627452 – 55.808417472732 —
– —
1.16556 – 1763049600

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