Dip buyers emerged Feb 17, helped stem the drop from the Feb 16 high

Rally follows today, 10- & 21-DMAs get pierced, daily RSI rises

Those are encouraging signals for dip buyers as is Feb's monthly bull hammer

Dip buyers will feel better on a close above the 10 & 21-DMAs, Feb 17 high

If rally extends & 1.2165/70 breaks inverse head & shoulders pattern forms

Completion of H&S pattern suggests EUR/USD can rally toward January's high

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