- EUR/USD's weekly chart candlestick pattern shows uptrend fatigue.
- The previous week's low is the level to defend for the bulls.
EUR/USD's two weeks of indecisive price action may presage a short-term bearish reversal.
The pair formed a second consecutive Doji candle on the weekly chart during the five days to Sept. 18. A Doji is usually taken to represent indecision in the market place. However, in this case, the back-to-back Doji candles have appeared following a notable rally from 1.08 to 1.2011. As such, they are indicative of buyer exhaustion.
The lower highs on the weekly chart MACD histogram also suggest bull fatigue. Hence, a pullback may be seen in the short-term.
Acceptance under last week's low of 1.1737 would confirm a bullish-to-bearish trend change.
On the higher side, a daily close above 1.20 is needed to restore the bullish bias.
Daily chart
Trend: Buyer fatigue
Technical levels
FXStreetから転載、著作権はすべて原作者に帰属します。
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。