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Feb 25 - 01:55 PM

EUR/USD - Longs Get The Breaks They Need

By Christopher Romano  —  Feb 25 - 12:57 PM
  • Overnight dip below the 55-DMA gets bought, powerful rally ensues

  • Neckline of inverse head & shoulders, daily cloud top get broken

  • Stops above 1.2190 get triggered, rally extends to 1.22435 (EBS)

  • Daily, monthly RSI rise, monthly bull hammer forming for February

  • Longs' confidence bolstered as bullish signals are increasing

  • 76.4% Fib of 1.2349-1.1952, Jan 8 daily high are impediments

  • Bulls target January's 1.2349 monthly high on breaks of those impediments

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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