EUR/USD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 1.1697 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.16297 could occur.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. 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 — 67.10263657343 – 68.54712527456 — 97.065138174871 – 100 – 90.778247157883 – 94.89997994142

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