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Feb 11 - 04:55 PM

EUR/USD - Signals Favor Longs But A Big Impediment Looms

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

  • For more click on FXBUZ


eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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