EUR/USD – 4H – BUY

The combination Euro/US Dollar (EUR/USD) jumps from the descending trendline upwards

An ascent up to the next resistance line at 1.17587 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.16077 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17587 – 1.17783 – 1.18196 – 1.16513 – 1.16827 – 1.16452 —
40.116841220258 – 42.312179697912 —
43.398345956622 – 65.88729076555 – 30.944024186271 – 47.590854776774

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