EUR/USD Price Analysis: Pullback over?
- EUR/USD's is trading near 1.1847 versus Thursday's low of 1.1789.
- Thursday's candle suggests the pullback from recent highs may be over.
EUR/USD created a classic long-tailed Doji candle on Thursday, as it printed a low of 1.1789 but ended the day on a flat note 1.1851.
The long lower wick indicates seller exhaustion and suggests an end of the corrective pullback from recent highs above 1.20.
A sustained move above 1.1865 (Thursday's high) would confirm a bullish Doji reversal and could yield a move toward 1.19.
On the flip side, a daily close below 1.1789 – the low of Thursday's long-tailed Doji – would imply a continuation of the pullback from 1.20 and expose support at 1.1696 (Aug. 3 low).
Daily chart
Trend: Neutral
Technical levels
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