EUR/USD – 1H – BUYThe combination Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 1.14353 is considered certain.
Caution: A possible change in the direction of the support level at 1.13862 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.14947 |
| 2nd High | 1.14388 |
| Next High | 1.14353 |
| Current Price | 1.14318 |
| Next Low | 1.13862 |
| 2nd Low | 1.13713 |
| 3rd Low | 1.13568 |
1.14353 – 1.14388 – 1.14947 – 1.13862 – 1.13713 – 1.14042
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji