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Feb 17 - 06:55 AM

EUR/USD - Bullish EUR/USD Signal For Bearish Traders

By Jeremy Boulton  —  Feb 17 - 04:45 AM

• The 21-DMA has crossed above 55-DMA - bullish Golden Cross

• Bets on pair dropping recently increased to $8.3bln from $7.6bln

• Longs were $8.6bln earlier this month, and almost $10bln last December

• Pair approaching 1.0551 target for a correction of current downtrend

• Rally is stretched toward 1.0515 peak 20-day Bollingers Bands

• Likely resumption of USD/JPY uptrend targets 170


EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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