EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.1652 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.15908 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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 | 1.16655 |
| 2nd High | 1.16533 |
| Next High | 1.1652 |
| Current Price | 1.16425 |
| Next Low | 1.15908 |
| 2nd Low | 1.1589 |
| 3rd Low | 1.15549 |
1.1652 – 1.16017 – 1.16132 – 1.15908 – 1.1589 – 1.15549 —
1.16242 – 1.16417 —
58.911154047419 – 69.821331723368 —
– —
1.16520 – 1764601200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –