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Feb 19 - 01:55 PM

EUR/USD - Price Action, Signals Bolster Bulls' Confidence

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

  • For more click on FXBUZ





eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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