The combination Euro/US Dollar (EUR/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.16721 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.16826 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.17024 |
| 2nd High | 1.16984 |
| Next High | 1.16826 |
| Current Price | 1.16721 |
| Next Low | 1.16721 |
| 2nd Low | 1.16586 |
| 3rd Low | 1.16212 |
1.16826 – 1.16984 – 1.17024 – 1.16721 – 1.16725 – 1.16834 —
1.16825 – 1.16799 —
46.5659077776 – 46.642454878456 —
– —
1.16826 – 1767859200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –