By Christopher Romano — Feb 19 - 12:39 PM
EUR/USD rallies to a 3-day high, nears the 55-DMA & Feb 16 high
10-DMA crosses above 21-DMA which generates a bullish technical signal
Daily RSI implies s-t momentum is bullish, monthly long legged doji forms
EUR/USD near completing an inverse head & shoulder, neckline sits 1.2165/70
Break of that resistance completes H&S, likely triggers stop losses
Completion of H&S suggests EUR/USD can rally near January's high
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Source:
Refinitiv IFR Research/Market Commentary