Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 14 - 01:55 PM

EUR/USD - Advantage Longs But Key Impediments Loom Above

By Christopher Romano  —  May 14 - 12:31 PM
  • EUR/USD recent pull back spent only a short time below the 10- & 21-DMAs

  • The fall halted at the rising trend line off the March monthly low

  • Today's sharp gains have EUR/USD above the 10- & 21-DMAs again

  • Daily, monthly RSIs are rising, they imply upside momentum is back

  • EUR/USD longs have the advantage but need to overcome key impediments

  • May monthly high, Feb 26 high, 76.4% Fib 1.2349-1.1704 sit 1.2181/97

  • Should bulls overcome those resistances test of Feb's monthly high likely

  • For more click on FXBUZ



eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!