EUR/USD – 1H – BUY

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

A bullish ascent up to the next resistance line at 1.17796 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.1682 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.17428134 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.17796 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. this 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).

1.17303 – 1.17796 – 1.17591 – 1.1682 – 1.16297 – 1.16077 — 59.547851247703 – 69.017833675036 — 35.519673720456 – 68.853007053789 – 16.044508777827 – 35.519673720456

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