By Christopher Romano — Feb 11 - 03:09 PM
Recently established longs are in good shape according to techs
EUR/USD trades above the 10- & 21-DMAs and daily RSI is rising
A monthly long-legged doji forms in Feb, suggests bulls have control
Good resistance sits 1.2150/90, series of daily highs late-Jan sit there
Recent dips have been shallow, suggests bulls have confidence
Break above resistance likely runs stops, could drive test of Jan high
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Source:
Refinitiv IFR Research/Market Commentary