Note

On EUR/USD

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Continuing on my journey with the EUR/USD - but exercising caution here as an indecisive sentiment is observed. The pair was seen to form a Doji candle last week (indicating that neither buyers nor sellers controlled the action). The Doji candle was observed after the price hit 26 month highs above the 1.1910 levels.

So, in a summary - with the EUR/USD seen consolidating within the Doji candle's range this week - it's a clear indication of indecisiveness in the market.



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Lower High confirmed on 4h timeframe, bearish divergence of RSI with lower low at a steeper gradient than lower high.
Wall Street the dealers had a different plan, thepair is falling below 1.1820.
consolidate phase for this pair...maybe market moving slow on friday

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