Bunds weakened Friday, underperforming Gilts. * A below-consensus UK GDP reading saw core FI get of...
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A short-term bull theme in EURUSD remains intact for now, reinforced by the rally off intraday lows. Attention is on the candle formation on Feb 3 - a hammer - that signals a possible reversal. However, additional reinforcing price evidence is required to signal a turn in the trend. MA studies remain in a bear-mode position, highlighting a dominant downtrend. 1.0427, the 50-day EMA, marks a key resistance. A clear break of it would be a bullish development. The bear trigger is 1.0141, the Feb 3 low.