By Christopher Romano — Oct 19 - 12:10 PM
EUR/USD rallied above 1.0615 on EBS after Fed Chair Powell's statement
Powell said the policy-setting committee is proceeding carefully
He said tightening of financial conditions may have policy implications
EUR/USD rallied away form the 10- & 21-DMAs, daily RSI lifted further
Monthly RSI & monthly bull hammer reinforce bullish daily signals
1.0640/55 is an impediment for longs, if breaks 1.0740/60 in focus
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Source:
Refinitiv IFR Research/Market Commentary