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
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EUR/USD Trader
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Source:
Refinitiv IFR Research/Market Commentary