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Feb 23 - 05:55 PM

EUR/USD - Troubling Signs Emerge For EUR/USD Longs

By Christopher Romano  —  Feb 23 - 03:35 PM
  • 1-month high set after neckline of inverse H&S breaks but pair then falls

  • Ensuing slide sees EUR/USD fall below the 55-DMA & daily RSI diverge

  • Daily doji candle forms, implies a pause in the rally or reversal lower

  • EUR/USD longs take some comfort from monthly tech signal in place

  • Monthly long legged doji implies bulls in control, rally likely to resume

  • Rally towards 1.2350/60 resistance cannot be ruled out

  • For more click on FXBUZ

eur/usd Click here

Refinitiv IFR Research/Market Commentary


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