EUR/USD Price Analysis: Euro makes a move toward Monday's high
|- EUR/USD's daily chart shows signs of indecision in the market.
- A move above Monday's high is needed to revive the bullish bias.
EUR/USD is currently bid and closing on Monday's high of 1.1869.
Acceptance above that level would invalidate the indecision signal by long wicks attached to Monday's candle and imply a continuation of the recovery rally from the Nov. 11 low of 1.1745 toward the Nov. 9 high of 1.1920.
Alternatively, a move below Monday's low of 1.1814 would imply an end of the bounce from the Nov. 11 low and shift risk in favor of a re-test of 1.1745. A violation there would expose the Nov. 4 low of 1.1602.
The immediate bias would remain neutral as long as the pair is stuck within Monday's trading range of 1.1814-1.1869.
Daily chart
Trend: Neutral
Technical levels
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