• Squeezed from shorts, traders may be unwilling to jump into longs

• Two bullish signals unfolding where short-term MAs rise over long-term MAs

• 21-DMA above 200-DMA and 55-DMA over 100-DMA (Golden Crosses)

• Bull targets: 1.1042, 1.1122, 1.1182, 1.1282 and 1.1410

• 1.1276 was peak achieved during 2023 and 2024

• The 200-DMA at 1.0726 is likely limit for dips following rise to 1.0955

• EUR/USD return to old turf has big implications

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)