EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 1.20821 is likely expected.
Caution: A possible change in the direction of support at 1.185 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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 | |
| 2nd High | |
| Next High | 1.20821 |
| Current Price | 1.19885 |
| Next Low | 1.185 |
| 2nd Low | 1.18345 |
| 3rd Low | 1.16699 |
1.20821 – 1.19065 – 1.18972 – 1.185 – 1.18345 – 1.16699 —
1.20158 – 1.20043 —
62.617622813693 – 55.088174882784 —
– —
1.20821 – 1769551200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –