EUR/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.182575 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.18481 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency 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 | 1.187 |
| 2nd High | 1.18571 |
| Next High | 1.18481 |
| Current Price | 1.18009 |
| Next Low | 1.17844 |
| 2nd Low | 1.17815 |
| 3rd Low |
1.18481 – 1.18571 – 1.18494 – 1.17844 – 1.17815 – 1.18281 —
1.17900 – 1.18040 —
40.217313044101 – 52.123463253833 —
1.17844 – 1771482600 —
1.18481 – 1771426800
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –