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Apr 19 - 04:55 AM

EUR/USD - Likely To Top 1.2000 Soon But Not 1.2100

By Jeremy Boulton  —  Apr 19 - 02:52 AM
  • There's room for EUR/USD to rise a little further

  • Upper band 20-day Bollinger turned north Apr 12 and is now 1.2029

  • Ranges have unfolded within upper half bands since Apr 7

  • Big unwind of longs followed by Apr's 1.1712-1.1995 rally

  • Without news significant tech hurdles unlikely to give way soon

  • 100-DMA is 1.2056. Falling daily Ichimoku cloud 1.2007-1.2092 weighs

  • Bearish sign; 55-DMA drops below 100-DMA Mar 25, 21-DMA below 200-DMA Apr 1

  • 55-DMA set to cross below 200-DMA soon, more longs may be culled



EURUSD Click here

EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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