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May 17 - 01:55 PM

EUR/USD - Longs Eye Key Resistance But Concerns Emerge

By Christopher Romano  —  May 17 - 12:17 PM
  • EUR/USD rallies to a 4-session high after trend line survives test last week

  • Near 1.2185/95 resistance; Feb 26 high, 76.4% Fib 1.2349-1.1704 sit there

  • Rally stalls though; daily doji forms, daily RSI not confirming the high

  • Daily technical signals suggest the latest bounce could be near an end

  • If longs can't break 1.2185/95 res soon rally off March low might reverse

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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