By Peter Stoneham — Dec 05 - 02:30 AM
Downside cloud twist now out of the equation; failed to have much influence
Price sat between the 200DMA, 1.2145, and upper daily Bolli line, 1.2357
The week ahead could see the 10DMA cross above the 200DMA, a bull cross
Weekly action positively trending but could do with an adj
Longer-term chart targets the 1.2660-65 area from May 2022
We are side lined looking any sign of a pullback to keep the trend healthy
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Source:
Refinitiv IFR Research/Market Commentary