EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 1.15208 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.1487 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15585 |
| 2nd High | 1.15475 |
| Next High | 1.15208 |
| Current Price | 1.14602 |
| Next Low | 1.1487 |
| 2nd Low | 1.14841 |
| 3rd Low | 1.14427 |
1.15208 – 1.15475 – 1.15457 – 1.1487 – 1.15014 – 1.1522 —
1.14884 – 1.14546 —
35.061432509972 – 27.925632985533 —
– —
1.15208 – 1774854000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –