Thursday’s Doji candle has neutralized the immediate bullish setup. Doji’s high and low of 1.1085 and 1.1017 are the levels to beat for the bulls and the bears. EUR/USD created a doji candle on Thursday, pouring cold water over the optimism generated by the bullish candlestick reversal pattern confirmed earlier this week. So, the Doji candle has neutralized the immediate setup and has made today’s close pivotal. A close above the Doji candle’s high of 1.1085 would signal a resumption of the rally from the recent low of 1.0926 and could yield a test of resistance at 1.1164 (Aug. 26 high). A close below 1.1017 (Doji candle’s low) would put the bears back in a commanding position, possibly leading to a drop to 1.0926-1.09. As of writing, the pair is chipping away at the descending (bearish) 10-day moving average (MA) at 1.1035. If the 10-day MA continues to cap the upside for the next few hours, the pair may end up falling below key support at 1.1017. Daily 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 Cryptocurrencies price prediction: Bitcoin, Ethereum & NEO – Asian Wrap 06 Sept FX Street 4 years Thursday's Doji candle has neutralized the immediate bullish setup. Doji's high and low of 1.1085 and 1.1017 are the levels to beat for the bulls and the bears. EUR/USD created a doji candle on Thursday, pouring cold water over the optimism generated by the bullish candlestick reversal pattern confirmed earlier this week. So, the Doji candle has neutralized the immediate setup and has made today's close pivotal. A close above the Doji candle's high of 1.1085 would signal a resumption of the rally from the recent low of 1.0926 and could yield a test of resistance at 1.1164 (Aug. 26… 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.
