EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) goes from the bearish trendline up.
A bullish trend up to the next resistance at 1.13358 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.12795 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 1.13011568 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.13358 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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).
In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.13807 |
| 2nd High | 1.13779 |
| Next High | 1.13358 |
| Current Price | 1.12969 |
| Next Low | 1.12795 |
| 2nd Low | 1.12739 |
| 3rd Low | 1.12655 |
1.13358 – 1.13779 – 1.13807 – 1.12913 – 1.13249 – 1.13049
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji