EUR/USD – 1H – BUY

And also a ‘Double bottom chart pattern’ chart layout is detected. The chart picture forms ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to go up.

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

A bullish trend up to the next resistance level at 1.1697 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 1.16297 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.1710458 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.1697 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘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).

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 – –