EUR/USD Price Analysis: Pullback over?

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  • 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

EUR/USD Price Analysis: Pullback over?

Trend: Neutral

Technical levels

EUR/USD

Overview
Today last price 1.1847
Today Daily Change -0.0005
Today Daily Change % -0.04
Today daily open 1.1852
Trends
Daily SMA20 1.1837
Daily SMA50 1.1632
Daily SMA100 1.1331
Daily SMA200 1.1182
Levels
Previous Daily High 1.1865
Previous Daily Low 1.1789
Previous Weekly High 1.192
Previous Weekly Low 1.1762
Previous Monthly High 1.1966
Previous Monthly Low 1.1696
Daily Fibonacci 38.2% 1.1818
Daily Fibonacci 61.8% 1.1836
Daily Pivot Point S1 1.1806
Daily Pivot Point S2 1.176
Daily Pivot Point S3 1.173
Daily Pivot Point R1 1.1881
Daily Pivot Point R2 1.1911
Daily Pivot Point R3 1.1957

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