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Feb 16 - 02:55 AM

EUR/USD - A Reluctant Climber But Bulls Have An Edge

By Peter Stoneham  —  Feb 16 - 01:56 AM
  • Pretty much a forgotten pairing at present: tight ranges, limited direction

  • Towards the middle of a thick daily cloud with a shallow bull bias

  • 14-day momentum has flipped to positive and RSI beginning to climb

  • A close above the 55DMA, 1.2153, would help the bullish cause: EBS price

  • The average containing the topside since the Feb 1 breakdown from 1.2145

  • Weekly action still playing off a w/e Feb 5 hammer candlestick (bullish)

  • We are flat awaiting the next strong signal

    For more click on FXBUZ








EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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