EURUSD (1.2286): The EURUSD closed on Friday with the doji pattern. The prices were trading within the range from Thursday. The doji pattern comes after the EURUSD fell sharply through the week. A reversal off this doji pattern could potentially signal a short-term retracement in the EURUSD. To the upside, the gains are likely to be limited to the 1.2363 level which previously served as support. Establishing resistance at this level could signal the end of the correction with prices likely to correct lower. Support at 1.2090 will remain the initial target for the decline in the EURUSD.
: The EURUSD closed on Friday with the doji pattern. The prices were trading within the range from Thursday. The doji pattern comes after the EURUSD fell sharply through the week. A reversal off this doji pattern could potentially signal a short-term retracement in the EURUSD. To the upside, the gains are likely to be limited to the 1.2363 level which previously served as support. Establishing resistance at this level could signal the end of the correction with prices likely to correct lower. Support at 1.2090 will remain the initial target for the decline in the EURUSD.){kind=link}