Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!