Derived Data That Drive Results
By Peter Stoneham — May 06 - 02:30 AM
EUR/USD rallied above the 55 and 200-DMAs Friday
Nearing the 76.4% Fibo of 1.0885-1.0602 profit taking set in
The pair then fell back below the daily MAs
Early Monday and a small bullish move holding
Daily and monthly RSIs are rising which implies upward momentum
The pair remains above the 10 and 21-DMAs
We lean bullish but will wait for additional signals
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EUR/USD Trader
EUR/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
