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Apr 05 - 05:55 PM

EUR/USD - Longs Hope For Breaks Of Key Impediments

By Christopher Romano  —  Apr 05 - 03:49 PM
  • Overnight drop reverses & EUR/USD then rallies above the 10-DMA

  • A 7-sesssion high gets set which helps generate more bull signals

  • A bullish outside day candle forms while daily, monthly RSIs rise

  • March 24 daily high, 21-DMA are the next big impediments for bulls

  • The 200-DMA is key resistance above those impediments

  • Should the rally extend & bulls overcome the hurdles bigger gains likely

  • Longs would then likely target 1.1940/50 & 1.1990/1.2000 resistance zones

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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