EUR/USD – 4H – BUY

The currency pair Euro/US Dollar (EUR/USD) moves from the bearish trendline upwards

An ascending movement up to the next resistance at 1.18077 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.17025 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.17536008 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.18077 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

1.18077 – 1.18037 – 1.17624 – 1.17025 – 1.17027 – 1.16147 —
1.17510 – 1.16906 —
38.159646325068 – 28.248516551271 —
– —
1.18077 – 1766548800

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