We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Real Time News
  • Soooooo $AAPL doesn’t think the trade war is ending anytime soon, eh? https://t.co/LJNJy9GU8H
  • RBNZ Governor Adrian Orr says monetary policy by itself cannot directly resolve uncertainty - BBG #NZD #NZDUSD
  • White House's Kudlow says talks with China have been very constructive - BBG #Tradewar
  • RT @EdwardLawrence: Chinese trade sources tell us that there will be a primary level phone call between the US and Chinese trade delegation…
  • The $AUDUSD and $EURUSD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets. Get your market update from @ddubrovskyFX here: https://t.co/dlzJ31kf3f https://t.co/d8UWQL6cH1
  • #USDCAD pivot points (daily) – S3: 1.3201, S2: 1.3227, S1: 1.3237, R1: 1.3264, R2: 1.3281, R3: 1.3308- https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RT @scmpeconomy: China stands firm on demand that US lifts tariffs to reach trade deal, reports ⁦@orangewang_⁩ and ⁦@fbermingham⁩ #china #C…
  • Biggest downside risk is global uncertainty - #RBNZ's Orr
  • RBNZ Governor Adrian Orr: -The door is open for another cut to the OCR if needed -Interest rates need to stay low for a long time -We are in a nice position to be data dependent $NZD
  • $USDJPY Daily Pivot Points: S3: 107.87 S2: 108.37 S1: 108.57 R1: 109.06 R2: 109.36 R3: 109.85 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
EUR/USD Doji Near Resistance Suggests Bulls In Doubt

EUR/USD Doji Near Resistance Suggests Bulls In Doubt

2014-05-13 10:57:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • EUR/USD Technical Strategy: Shorts Preferred
  • Doji on the daily suggests bulls struggling to regain control
  • Haramioffered bearish signal near the 1.3950 mark

The Euro bulls are struggling to regain their grip on prices as denoted by a Doji formation near key resistance at 1.3780. The Harami near 1.3950 suggest the bears remain in control and that the currency may be primed for a drop to the next noteworthy support level at 1.3670.

EUR/USD: Bulls Struggle To Push Back Above Key Resistance

EUR/USD Doji Near Resistance Suggests Bulls In Doubt

Daily Chart - Created Using FXCM Marketscope 2.0

A Bearish Engulfing pattern near 1.3950 offered an intraday signal that declines were on the way for the Euro. While recent trading has yielded several Doji formations which hint at some hesitation from the bears, they are not enough to suggest a bounce at this stage.

EUR/USD: Bearish Engulfing Pattern Sparks Declines

EUR/USD Doji Near Resistance Suggests Bulls In Doubt

4 Hour Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Market Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.