Bloomberg have collated a few nervous comments from analyst on the EUR/USD rally.

  • says at 9 days of gains up its the longest rally in nearly 10 years
  • reached an almost three-month high

But now:

  • some strategists are urging caution and technical gauges are flashing warning signs.

On the T/A,

  • the tech gauge they cite is the RSI, which currently appears to be overbought
  • but also says EUR has broken key resistance levels

Call me thick but if something breaks 'key resistance' that means it goes up, right?

Anyway, onwards!

  • Citi reckons now is a good time to take some profits even though remains bullish
  • ABN Amro says it is premature to expect a "continued strong rally" in the currency as "difficult discussions" are ahead on the European Commission's stimulus program

There is plenty more at the article, link here.