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May 27 - 02:55 AM

EUR/USD - Maintaining A Climb Away From The 100-Day Average

By Peter Stoneham  —  May 27 - 02:00 AM
  • Our long just in play as price lifts from the 100DMA, 1.0813 EBS pricing

  • Daily-monthly RSIs are rising and the pair traded above the 10-DMA Friday

  • A bull flag continuation pattern is in place on daily charts

  • Completion of that pattern suggests the rally off April's low can resume

  • The bull target remains 1.0960 with a stop at 1.0785

  • Monday close above the weekly cloud top, 1.0892, would strengthen the rally

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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