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Feb 15 - 04:55 AM

EUR/USD - Friday Supply Fade A Good Sign For Bulls

By Peter Stoneham  —  Feb 15 - 03:13 AM
  • Friday hammer style candle hinted at intraday supply fade

  • Market small bid from Monday open but not yet convincing

  • Price sticky around the 30 and 55DMAs, 1.2134 and 1.2149 respectively

  • Bulls still in control and target daily cloud top at 1.2222

  • Weekly res. by 10WMA at 1.2160 but supported by w/e Feb 5 hammer candle

  • We tand aside for now, await next signals

    For more click on FXBUZ

EUR/USD Trader

EUR/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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