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May 16 - 08:55 PM

EUR/USD - Huge 1.2150 Strikes - Charts Point Higher

By Andrew M Spencer  —  May 16 - 07:06 PM

  • Steady, closed +0.55% on broad based USD weakness, as inflation fears eased

  • Irish health service hit by criminal gang ransomware attack nL1N2N10EW

  • After the U.S. pipeline attack last week, everywhere appears vulnerable

  • Charts; Friday's bounce reset the daily signals to bullish from neutral

  • Neutral momentum studies, while 5, 10 & 21 DMAs edge higher, positive setup

  • 21 day Bollinger bands climb - suggests the topside is again the weak one

  • 1.2179 upper 21 day Bolli band and 1.2196, 76.4% 2021 fall major resistance

  • 2.146 BLN of 1.2150 strikes are a potential magnet in Asia


    For more click on FXBUZ


eur may 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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