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Feb 24 - 05:55 AM

EUR/USD - Remains On Course To Break Above Daily Cloud Resistance

By Martin Miller  —  Feb 24 - 04:02 AM
  • Bulls could be poised to charge at daily cloud top that comes in at 1.2186

  • A break and daily close above the cloud top would be a very bullish sign

  • Tenkan and kijun lines are positive aligned, reinforcing the upside bias

  • We remain long at 1.2170 for bigger gains to our 1.2290 target

  • Our sell stop is at 1.2090 which is protected by the 21-DMA at 1.2096

  • EUR/USD Trader TGM2334 Previous update nL1N2KS33O

  • Fed's Powell said little to alter dollar's bearish path nL1N2KT34X

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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