EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) goes from the bullish trendline downwards
A bearish descent downwards to the next support at 1.12795 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.13807 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14184 |
| 2nd High | 1.13991 |
| Next High | 1.13807 |
| Current Price | 1.13622 |
| Next Low | 1.12795 |
| 2nd Low | 1.12655 |
| 3rd Low | 1.12637 |
1.13807 – 1.13645 – 1.13805 – 1.12795 – 1.12920 – 1.12655
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji