EUR/USD – 1H – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 1.17457 is certain.
Caution: A possible trend reversal in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading 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 | 1.17335 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.17457 – 1.17303 – 1.17796 – 1.16595 – 1.1682 – 1.16297 — 49.011765632436 – 55.766437922373 — 37.002054349518 – 24.270159669699 – 56.179323094466 – 40.424673133083
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – –