EUR/USD Continues Rallying

One should always remember that the doji candlestick represents indecision in the market, but does not necessarily signify a reversal. That is especially true when we have a situation like the one on this screenshot:

As you can see, the doji candlestick is right on top of the resistance at 1.1180, rather than under it. Past experience has taught me to treat that kind of a candlestick with suspicion and to wait and see what will follow next, rather than make any decisions based on the doji candlestick alone. My suspicion was justified, because EUR/USD continued climbing. The pair is likely headed for target 1.1600 – 1.1700 and for the moment I intend to keep my long positions open.