EURUSD – Doji reversal pattern signal further upside
The Euro moved higher on Wednesday, on track to complete Morning Doji Star reversal pattern and signal further recovery.
Fresh bullish extension from correction low at 1.1712 penetrated hourly cloud (spanned between 1.1752 and 1.1771), eyeing 55SMA barrier at 1.1782, regain of which would open way for renewed attack at daily cloud (cloud base lies at 1.1812).
Rising 10SMA which contained pullback from 1.1859 high continues to track the advance and marks initial support at 1.1734 (also session low).
Daily techs are in bullish setup and gaining momentum for further upside.
No releases from the Eurozone scheduled today with focus turning towards techs and a batch of data from the US, which are going to be released today, as the US will be shut on Thursday for Thanksgiving holiday.
Res: 1.1782; 1.1812; 1.1859; 1.1877
Sup: 1.1752; 1.1734; 1.1712; 1.1679