EUR/USD is trading near 1.1810 in Asia with signs of indecision on the weekly chart. The previous week’s low of 1.1696 is the level to defend for the bulls. EUR/USD is trading well within the previous week’s price range for the fifth straight day. The currency pair created a Doji candle last week after hitting 26-month highs above 1.1910. The Doji candle indicates that neither buyers nor sellers controlled the price action. So, with the pair consolidating within the Doji candle’s range this week, it seems safe to say that the market has turned indecisive. As such, the immediate bullish outlook stands neutralized. A break above the Doji candle’s high of 1.1916 would imply a resumption of the uptrend and open the doors for a potential rally beyond the 1.20 mark. Alternatively, acceptance under the Doji candle’s low of 1.1696 would confirm the bullish-to-bearish trend change. At press time, the pair is trading near 1.1810, representing a 0.235 gain on a weekly basis. Weekly chart Trend: Neutral Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Forecast: BTC/USD bulls shoot price above $11,800, aim for $12,000 – Confluence Detector FX Street 2 years EUR/USD is trading near 1.1810 in Asia with signs of indecision on the weekly chart. The previous week's low of 1.1696 is the level to defend for the bulls. EUR/USD is trading well within the previous week’s price range for the fifth straight day. The currency pair created a Doji candle last week after hitting 26-month highs above 1.1910. The Doji candle indicates that neither buyers nor sellers controlled the price action. So, with the pair consolidating within the Doji candle’s range this week, it seems safe to say that the market has turned indecisive. As such, the immediate bullish outlook… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
