EUR/USD – 4H – BUY

The currency pair Euro/US Dollar (EUR/USD) breaks through the bearish trendline upwards

The bullish trend up to the next resistance line at 1.17963 is certain.

Caution: A possible change in the direction of the support level at 1.1676 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.18028924 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.17963 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.17963 – 1.17849 – 1.17545 – 1.1676 – 1.16546 – 1.16687 —
1.17536 – 1.17354 —
59.766620701604 – 51.102476185855 —
– —
1.17963 – 1778068800

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