EUR/USD – 4H – BUY

The currency pair Euro/US Dollar (EUR/USD) goes from the descending trendline up.

A bullish movement up to the next resistance line at 1.18077 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.16147 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ chart pattern is discovered. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.18077 – 1.18037 – 1.17624 – 1.16586 – 1.17025 – 1.17027 —
1.16944 – 1.16735 —
40.843072701312 – 30.477325451379 —
– —
1.18077 – 1766548800

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