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.

Omkar Godbole FXStreet Contributor

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

EUR/USD

Overview
Today last price	1.1912
Today Daily Change	-0.0001
Today Daily Change %	-0.01
Today daily open	1.1913

Trends
Daily SMA20	1.1816
Daily SMA50	1.1779
Daily SMA100	1.1762
Daily SMA200	1.14

Levels
Previous Daily High	1.1941
Previous Daily Low	1.1885
Previous Weekly High	1.1894
Previous Weekly Low	1.1814
Previous Monthly High	1.1881
Previous Monthly Low	1.164
Daily Fibonacci 38.2%	1.1907
Daily Fibonacci 61.8%	1.192
Daily Pivot Point S1	1.1885
Daily Pivot Point S2	1.1857
Daily Pivot Point S3	1.183
Daily Pivot Point R1	1.1941
Daily Pivot Point R2	1.1969
Daily Pivot Point R3	1.1996

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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