EUR/USD – 30M – BUY

Moreover a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a bullish pattern signal. The pair is likely to go up.

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

The bullish trend upwards to the next resistance level at 1.15231 is expected.

Caution: A possible change in the direction of the support zone at 1.14742 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.15443 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.15231 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.15231 – 1.15797 – 1.16144 – 1.14742 – 1.15450 – 1.15422

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