EUR/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.15873454 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.15636 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 1.16304 |
| 2nd High | 1.16267 |
| Next High | 1.15636 |
| Current Price | 1.15360 |
| Next Low | 1.15087 |
| 2nd Low | 1.14571 |
| 3rd Low | 1.14428 |
1.15636 – 1.16267 – 1.14904 – 1.15087 – 1.14571 – 1.14428 —
1.15396 – 1.15394 —
44.596068807007 – 44.129593126577 —
– —
1.15636 – 1775149200
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – – – – – – – – –