• Correction and consolidation follows 1.0125-1.1.2084 EUR/USD surge

• The 21-DMA has crossed over the 100-DMA - buy signal

• Same signal shortly after EUR/USD began rising last year

• Far less to stop a rise after bullish bets slashed from $27bln to $5bln

• Targets: 1.2157, 1.2388, 1.2620, 1.2949 and 1.3368

• USD sell signal imminent - targets for a drop

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EURUSD buy signal and targets


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