EUR/USD – 4H – BUYThe combination Euro/US Dollar (EUR/USD) goes from the bearish trendline up.
A bullish ascent up to the next resistance level at 1.1698 is likely expected.
Caution: A possible change in the direction of the support line at 1.15549 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18196 |
| 2nd High | 1.18077 |
| Next High | 1.1698 |
| Current Price | 1.16394 |
| Next Low | 1.15549 |
| 2nd Low | 1.14908 |
| 3rd Low | 1.14682 |
1.1698 – 1.18077 – 1.18037 – 1.16178 – 1.16586 – 1.17025 —
1.16139 – 1.16411 —
31.848074249403 – 47.325093751569 —
– —
1.16980 – 1768219200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –