EUR/USD – 1H – BUY

Moreover a ‘Double bottom chart pattern’ chart pattern is existing. The chart picture shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.

The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance at 1.1697 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.16297 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.1710458 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.1697 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The 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).

1.16817 – 1.1697 – 1.16649 – 1.16297 – 1.16077 – 1.16125 — 62.470442046739 – 65.014154441902 — 87.557620242057 – 87.557620242058 – 88.327358243666 – 86.422672501679

Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double bottom chart pattern – –