EUR/USD – 4H – BUY

The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards

The bullish trend up to the next resistance at 1.13805 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 1.12655 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

Then a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

1.13805 – 1.14246 – 1.15730 – 1.12655 – 1.13077 – 1.12637

Download EUR/USD Signal Image

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