News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
EUR/USD Doji Near Resistance Suggests Bulls In Doubt

EUR/USD Doji Near Resistance Suggests Bulls In Doubt

David de Ferranti, Currency Analyst

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.