Wed adjust. healthy but a deeper correction needed if 1.2000 is the target
Better look to the EUR but bearish warnings could stifle further gains
Modest rebound ahead of 21DMA Thurs, 1.1793, and constructive into Fri
Former 1.1916 peak might attract profit taking but 1.1966 now key res.
14-day momentum confirming gains, RSI climbing too
Long upper shadow on weekly candle a warning to bulls, cloud twists too
Consolidation inside monthly cloud but below mkt twists here too
EUR/USD daily candle chart: Click here