EUR/USD – 30M – BUYBesides a ‘Double bottom chart pattern’ chart formation is existing. The formation shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 1.16411 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.16107 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Besides a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16773 |
| 2nd High | 1.16613 |
| Next High | 1.16411 |
| Current Price | 1.16454 |
| Next Low | 1.16107 |
| 2nd Low | 1.15766 |
| 3rd Low | 1.15762 |
1.16411 – 1.16375 – 1.16269 – 1.16107 – 1.15766 – 1.15841 —
1.16286 – 1.16430 —
54.65837638071 – 58.154461699485 —
– —
1.16411 – 1768813200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –