EUR/USD – 1H – BUYThe currency pair Euro/US Dollar (EUR/USD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.16017 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.15549 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. 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 | 1.16533 |
| 2nd High | 1.16132 |
| Next High | 1.16017 |
| Current Price | 1.16273 |
| Next Low | 1.15549 |
| 2nd Low | 1.15467 |
| 3rd Low | 1.15112 |
1.16017 – 1.16132 – 1.15955 – 1.15549 – 1.15762 – 1.15467 —
1.16054 – 1.16231 —
51.604663821847 – 68.81864623831 —
– —
1.16017 – 1764295200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –