EUR/USD – 1H – BUY

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

A bullish movement upwards to the next resistance level at 1.16613 is expected.

Caution: A possible counter-trend in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.

Moreover a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

1.16613 – 1.16773 – 1.1698 – 1.15766 – 1.15927 – 1.16337 —
1.16372 – 1.16329 —
57.178778096459 – 55.224424410482 —
– —
1.16613 – 1768413600

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