- The EUR / USD created a Doji candle on Thursday, indicating indecision.
- A close above Thursday’s high would reactivate the bullish bias.
EUR / USD is moving slightly higher during the European session on Friday around the 1.1920 region, having created a Doji indecision candle on Thursday.
The Doji candle consists of long wicks and a small body, which implies indecision in the market. Thursday’s Doji candle has neutralized the immediate bullish setup and made Friday’s close critical.
A close above the 1.1940 high of the Doji candle would mean that the period of indecision has ended with a bullish win and would allow the upward movement to continue from the weekly lows near 1.18.
On the other hand, acceptance below Thursday’s low of 1.1885 would confirm a bearish reversal pattern and expose deeper support levels.
EUR / USD daily chart
EUR / USD technical levels
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