Contributors Technical Analysis EURUSD Intraday Analysis

EURUSD Intraday Analysis

EURUSD (1.1665): The EURUSD currency pair was seen closing with a doji pattern on Thursday. Following this, price action is likely to head either way. To the upside, a bullish close above 1.1730 could trigger a rebound in prices while to the downside; a bearish close could push the EURUSD down to 1.1540 level of support. On the 4-hour chart, the hidden bearish divergence signals a potential move to the upside. For this, price action will need to close convincingly above the 1.1686 price level to confirm the move toward 1.1846 – 1.1824 level of resistance

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