By Christopher Romano — Apr 07 - 12:32 PM
EUR/USD rallies to an 11-session high after piercing the 200-DMA
A pullback ensues though and a daily doji candle forms
The doji implies either a pause in the rally or a deeper pull back
Dip buyers hope for a deeper pull back to buy & then target 1.1950/00
Monthly RSI is rising which implies longer-term bull momentum remains
Some bulls likely targeting 1.2000 or slightly above nL1N2M01EB
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Source:
Refinitiv IFR Research/Market Commentary