By Peter Stoneham — Jan 20 - 02:33 AM
Up-trend resumption and a Mon hammer candle signalling the latest squeeze
Five hammers (bullish) since Nov 2, all providing good signals
Year's 1.3712 high initial target-resistance: 30DMA upper Bolli, 1.3758, abv
Resumption of underlying bull trend brings longer-term targets into play
1.4068-1.4164 monthly cloud top and 100WMA
A buy on dips market and we bid by 1.3540, 30DMA line, for high 1.37s
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Source:
Refinitiv IFR Research/Market Commentary