The combination Euro/US Dollar (EUR/USD) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 1.17867 is considered certain.
Caution: A possible change in the direction of support at 1.17225 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.17963 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 1.17867 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18487 |
| 2nd High | 1.17963 |
| Next High | 1.17867 |
| Current Price | 1.17782 |
| Next Low | 1.17225 |
| 2nd Low | 1.16896 |
| 3rd Low | 1.1676 |
1.17867 – 1.17779 – 1.1763 – 1.17225 – 1.17446 – 1.17414 —
1.17791 – 1.17759 —
59.604125803261 – 58.416163822212 —
– —
1.17867 – 1778257800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –