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