Buy EUR/USD – 1H – BUY

The 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

Download EUR/USD Signal Image

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