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Feb 14 - 08:55 AM

EUR/USD - Is Bullish EUR/USD Signal Coming At A Bad Time?

By Jeremy Boulton  —  Feb 14 - 06:40 AM

• EUR/USD 20-DMA crossing over 55-DMA - bullish Golden Cross

Signal occurring when rally becoming stretched

• Friday's range 1.0448-1.0487

• Top of 20-day Bollinger Bands is 1.0502

• Target for minor correction current downtrend is 1.0551

• Traders have forgotten that the trend is their friend


EURUSD


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

Source:
London Stock Exchange Group | Thomson Reuters

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