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May 25 - 02:55 AM

EUR/USD - FX Traders Eyeing A Breakout Towards Jan Highs

By Peter Stoneham  —  May 25 - 01:59 AM
  • Swing to the topside Monday and a 1.2230 high: EBS pricing

  • A pick up in bullish momentum confirming latest squeeze higher

  • Top of recent consolidation phase is at 1.2245 and 30DMA upper Bolli 1.2250

  • We maintain a 1.2195 long for 1.2340 with a 1.2145 stop

  • Support runs in at 1.2170, 10DMA, and 1.2160 base of daily flag pattern

  • Bull bias still vulnerable to a 1.19870-73 June 1 cloud twist

  • 21-day moving average a potential tipping point at 1.2126

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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