EUR/USD – 1H – BUY

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.17683 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.17683 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.17683 – 1.16613 – 1.16773 – 1.17104 – 1.15766 – 1.15927 —
1.17201 – 1.17201 —
56.265492966418 – 52.712287364789 —
– —
1.17683 – 1768921200

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