EUR/USD – 30M – BUYThe combination Euro/US Dollar (EUR/USD) goes from the bearish trendline up.
An ascent upwards to the next resistance line at 1.14184 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.13698 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14395 |
| 2nd High | 1.14246 |
| Next High | 1.14184 |
| Current Price | 1.13780 |
| Next Low | 1.13698 |
| 2nd Low | 1.13291 |
| 3rd Low | 1.13153 |
1.14184 – 1.14246 – 1.13805 – 1.13757 – 1.13698 – 1.13737
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji