By Peter Stoneham — Mar 06 - 02:05 AM
Strong Friday close allowing us to raise our long stop to entry
We target 1.2120 and will raise the stop again on a weekly cloud breach
Early pullback from 1.2045: stalling at a daily trend res. line, 1.2042
Daily momentum remains negative and RSI neutral
A falling weekly cloud a big risk to the long play
Cloud base at 1.2073 and a failure here to force us to cut our long
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary