EUR/USD technical analysis: Attempting gains, today's close pivotal

  • EUR/USD created a Doji candle on Thursday, making today's close pivotal. 
  • A close above 1.1184 would confirm an inverse head-and-shoulders breakout. 

EUR/USD has so far gained 13 pips in Asia and is trading at 1.1161, representing a 0.10% gain on the day.

On Thursday, the pair clocked a high and low of 1.1176 and 1.1131, respectively, and ended on a flat note, forming a Doji candle - a sign of indecision in the market place.

The Doji has stalled the recovery from the Oct. 25 low of 1.1073.

Acceptance above Doji's high of 1.1176 would imply a continuation of the recovery rally. That said, stronger evidence of bullish reversal would be a close above 1.1184.

That would confirm an inverse head-and-shoulders breakout on the daily chart and open the doors for 1.1489 (target as per the measured move method).

A bearish Doji reversal would be confirmed if the pair closes today below 1.1131, shifting risk in favor of a drop to the higher low of 1.1073 (Oct. 25 low). A close below that level would confirm a bearish reversal.

Daily chart

Trend: Bullish above 1.1184

Technical levels


Today last price 1.1161
Today Daily Change 0.0008
Today Daily Change % 0.10
Today daily open 1.1154
Daily SMA20 1.1074
Daily SMA50 1.104
Daily SMA100 1.1125
Daily SMA200 1.1199
Previous Daily High 1.1176
Previous Daily Low 1.1132
Previous Weekly High 1.1063
Previous Weekly Low 1.0941
Previous Monthly High 1.118
Previous Monthly Low 1.0879
Daily Fibonacci 38.2% 1.1159
Daily Fibonacci 61.8% 1.1148
Daily Pivot Point S1 1.1131
Daily Pivot Point S2 1.1109
Daily Pivot Point S3 1.1087
Daily Pivot Point R1 1.1176
Daily Pivot Point R2 1.1198
Daily Pivot Point R3 1.122



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD turns down as Trump touts trade hopes, after Lagarde's debut

EUR/USD is trading below 1.1130 after President Trump tweeted that the US is getting close to deal with China. Earlier, the ECB left rates unchanged and President Lagarde acknowledged the recent upturn.


GBP/USD retreats further from nine-month highs, nears 1.3100

GBP/USD has extended its decline amid renewed EUR demand within ECB’s monetary policy announcement. UK elections weigh as polls show a further narrowing in Conservatives’ advantage.


Federal Reserve leaves rates unchanged, is undecided about the future

The Federal Reserve kept interest rates steady and the governors indicated that they expected little change in the economy or Fed policy for the next year.

Read more

ECB Preview: How Lagarde's debut Dec decision may drive EUR/USD higher

"Dovish Draghi drags EUR/USD lower" has been one of this analyst's favorite headlines – but there is a new boss in town. Christine Lagarde makes her debut decision and she may attempt to appease ECB hawks, driving the euro higher.

Read more

USD/JPY: Greenback jumps to four-day highs as trade tension ease

USD/JPY broke above the 109.00 handle as Trump is upbeat on the trade deal. Resistance is seen at the 109.26 and 109.43 price levels.