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
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters