EUR/USD – 30M – BUY

Besides a ‘Falling Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a bullish signal. The pair is likely to go up.

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

A bullish movement upwards to the next resistance at 1.14473 is considered certain.

Caution: A possible change in the direction of the support line at 1.14153 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.14473 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.14473 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.14473 – 1.14353 – 1.14305 – 1.14153 – 1.13726 – 1.13862

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