EUR/USD – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.156825 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.16556 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17281 |
| 2nd High | 1.16683 |
| Next High | 1.16556 |
| Current Price | 1.15449 |
| Next Low | 1.14682 |
| 2nd Low | 1.14532 |
| 3rd Low | 1.14459 |
1.16556 – 1.16053 – 1.15907 – 1.14682 – 1.15764 – 1.15423 —
1.15378 – 1.15280 —
37.637135119126 – 40.473089436811 —
– —
1.16556 – 1763049600
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –