The short-end of European curves blew out Thursday after the Bank of England and to a lesser extent ...
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EURUSD continues to trade below its recent highs and Tuesday saw prices dip below the 20-day EMA. The latest pullback is considered corrective and a bullish theme remains intact. A rally on Feb 9 highlights a stronger reversal that suggests a recent bearish correction has concluded. Note that MA studies are in a bull-mode position, highlighting a dominant M/T uptrend. A resumption of gains would open 1.1961 and 1.2007, Fibonacci retracement points. Key S/T support is 1.1766, the Feb 6 low.