EUR/USD – 4H – BUY

The combination Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.

An ascending movement up to the next resistance level at 1.16683 is certain.

Caution: A possible change in the direction of the support level at 1.15549 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.1652 – 1.16556 – 1.16053 – 1.15549 – 1.14908 – 1.14682 —
1.16773 – 1.16533 —
69.545917057716 – 56.787568052207 —
– —
1.16520 – 1764590400

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