Adam Smith Associates - Euro formed a doji star


The Euro formed a doji star. A doji star is when the open and close for the week is the same. A doji star represents a loss of momentum or a pause in trend. The following week usually confirms this by a close above or below the high/low of the doji star candle. This week we closed above the high made last week confirming a potential trend reversal from down to up that should test the previous swing high of 1.087.


Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article is purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd

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