EUR/USD – 1H – BUYBesides a ‘Double top retreat up’ chart formation is detected. The chart picture forms ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.
Besides a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.18294 |
| Next High | 1.18096 |
| Current Price | 1.17669 |
| Next Low | 1.17610 |
| 2nd Low | 1.17074 |
| 3rd Low | 1.16875 |
1.18096 – 1.18294 – 1.17536 – 1.17610 – 1.17074 – 1.16875
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double top retreat up