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Feb 22 - 02:55 AM

EUR/USD - Bulls Could Be Poised To Charge At Cloud Resistance

By Martin Miller  —  Feb 22 - 02:04 AM
  • Bulls could be poised to charge at the daily cloud top, currently at 1.2202

  • A break and daily close above the cloud top would be a very bullish sign

  • Tenkan and kijun lines are positive aligned, reinforcing the upside bias

  • We remain long at 1.2035 in anticipation for much bigger gains

  • Our trailing stop is below the 30-DMA which currently resides at 1.2107

  • EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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