EUR/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.17071 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.17071 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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 | 1.17306 |
| 2nd High | 1.17281 |
| Next High | 1.17071 |
| Current Price | 1.16951 |
| Next Low | 1.16212 |
| 2nd Low | 1.16147 |
| 3rd Low | 1.15908 |
1.17071 – 1.16573 – 1.16569 – 1.16212 – 1.16147 – 1.16331 —
1.17021 – 1.16859 —
63.853694636704 – 50.586344027693 —
– —
1.17071 – 1765422000
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –