EUR/USD – 1H – BUY

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.168205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.18264 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Inverted Hammer’ candle chart pattern is found. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).

1.18264 – 1.18285 – 1.18076 – 1.15298 – 1.16713 – 1.17735 —
1.16141 – 1.15986 —
42.007882462247 – 40.175185041865 —
– —
1.18264 – 1772218800

Trading Signals: FOREX – EUR – EUR/USD – USD – Inverted Hammer – – – – – – – – –