Buy EUR/USD – 1H – BUY

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.03439 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.04241 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Southern Doji’ candle chart pattern is discovered. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

Support & Resistance Price Range*
3rd High 1.05124
2nd High 1.04580
Next High 1.04241
Current Price 1.03635
Next Low 1.03439
2nd Low 1.03430
3rd Low 1.03328

Download EUR/USD Signal Image

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