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Feb 27 - 03:55 PM

EUR/USD - Uptrend Intact, But February Highs In Way Of Cloud Top Test

By Randolph Donney  —  Feb 27 - 02:25 PM
  • EUR/USD makes 5th straight higher daily low after gaining tenkan support

  • But prices are still below Feb. 22/2 peaks at 1.0889/97

  • Those are by 61.8% of the 1.1000-0695 drop & 55-DMA at 1.0883/87

  • Tenkan at 1.0807 is rising toward the kijun at 1.08135

  • A cross above the kijun would eye daily cloud twist & upcoming 1.0932 top

  • That top is also 76.4% of the 1.1000-0695 drop

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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