EUR/USD – 30M – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 1.1616 will continue.

Caution: A possible change in the direction of the support level at 1.16034 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.16368274 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.1616 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.1616 – 1.1652 – 1.16155 – 1.16034 – 1.1589 – 1.15903 —
1.16130 – 1.16191 —
48.437985316267 – 53.605903665616 —
– —
1.16160 – 1764666000

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