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May 27 - 03:55 AM

EUR/USD - April Highs Calling If Bull Pattern Holds

By Peter Stoneham  —  May 27 - 02:55 AM
  • Early high at 1.0765, EBS pricing, just shy of a 50% Fibo at 1.0767

  • Long performing but the retrace off the 1.1185-1.0349 drop needs to go

  • Daily chart still has the makings of a bullish continuation pattern

  • If the pattern plays out the EUR could head back to 1.0936 Apr 21 high

  • 14-day positive momentum is holding and RSI is trying to lift

  • Weekly chart set for large back to back bull candles

    For more click on FXBUZ


EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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