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Feb 19 - 04:55 AM

EUR/USD - Has Potential To Keep Bulls Happy

By Peter Stoneham  —  Feb 19 - 02:58 AM
  • Constructive daily chart and our 1.2035 long in play

  • Bullishly aligned averages, 10-21, add to the positive make up: EBS data

  • Full retrace of 1.2169-1.2024 week's drop to strengthen bull argument

  • Initial resistance at 1.2107 30DMA, stronger at 1.2150 55DMA

  • Bullish objective 1.2195-1.2225 area, Fibo, cloud top and 30DMA upper Bolli

  • Long weekly lower candle shadows and monthly hammer support our bull view

  • Stop to be raised on a close above 1.2115

    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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