EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.17457 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.16595 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 1.17871 |
| 2nd High | 1.17796 |
| Next High | 1.17457 |
| Current Price | 1.17402 |
| Next Low | 1.16595 |
| 2nd Low | 1.16297 |
| 3rd Low | 1.16077 |
1.17457 – 1.17303 – 1.17796 – 1.16595 – 1.1682 – 1.16297 — 62.666561088971 – 63.36496974753 — 41.205342854458 – 70.653501382435 – 18.962044033254 – 41.483645005038
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –