EUR/USD – 1H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

A bullish movement up to the next resistance at 1.15208 is certain.

Caution: A possible trend reversal in the direction of the support level at 1.14428 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD Hidden Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.15208 – 1.15475 – 1.16304 – 1.14428 – 1.1487 – 1.15191 —
1.14607 – 1.14591 —
28.113936808009 – 29.469923614718 —
– —
1.15208 – 1774854000

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