EUR/USD Price Analysis: Thursday’s high is the key resistance

  • EUR/USD created a Doji candle on Thursday, indicating indecision. 
  • A close above Thursday’s high would revive the bullish bias. 

EUR/USD is currently sidelined near 1.1914, having created the indecisive Doji candle on Thursday. 

The Doji comprises long upper wicks and a small body, implying indecision in the market place. Thursday’s Doji has neutralized the immediate bullish setup and made Friday’s close pivotal. 

A close above the Doji candle’s high of 1.1914 would mean the period of indecision has ended with a bull victory and allow a continuation of the rally from weekly lows near 1.18. 

Alternatively, acceptance under Thursday’s low of 1.1885 would confirm a bearish Doji reversal pattern and expose deeper support levels. 

Daily chart

Trend: Bullish above 1.1841

Technical levels

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