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May 18 - 11:00 PM

EUR/USD - Bears Pause And Indecision Fires A Warning Shot

By Peter Stoneham  —  May 18 - 04:00 AM
  • A more balanced look to the daily chart as price pans out sideways

  • On balance still a bear market as falling daily tops lean to the downside

  • 14-day momentum just clinging to negative territory

  • Doji candles Thurs, Frid and potentially today

  • Doji candles warn of market indecision and could hint at direction change

  • Weekly action also doji shaped but need a 1.0896 breach to weaken bear bets




EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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