Buyers pushing EZU towards its price target of $44.28; currently at $44.1

• Solid trading session sets up assault on pivotal resistance at $44.28; currently 18 cents away
• The lower Bollinger Band® is currently at $73.78 while the higher band is at $77.52

Around $44.14, iShares MSCI Eurozone ETF can look to establish a new bullish phase beyond its 3 day Simple Moving Average. IShares MSCI Eurozone ETF has formed a "morning star” pattern. IShares MSCI Eurozone ETF's lower Bollinger Band® is at $43.58, indicating that the market is oversold and fertile for new buyers. On the other hand, note that iShares MSCI Eurozone ETF's run now faces a challenge at $44.28, which is only 18 cents away and will be interesting to follow.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts iShares MSCI Eurozone ETF to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the iShares MSCI Eurozone ETF is expected to pick up significant bullish sentiment in the coming days.

It will be interesting to follow how Vanguard Small Cap ETF's run now faces a challenge at $200.53, which is only $1.75 away. Despite posting gains on yesterday, Vanguard Small Cap ETF slid below its 3 day Simple Moving Average at $199.35 during the last session — an early indicator that a negative trend could be emerging. In contrast, Vanguard Small Cap ETF's lower Bollinger Band® is at $195.85, indicating that the market is oversold and fertile for new buyers.

Technical analysis of Vanguard Small Cap ETF price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

Around $74.49, Vanguard Intermediate-Term Bond ETF can look to establish a new bullish phase beyond its 3 day Simple Moving Average. Despite this, Vanguard Intermediate-Term Bond ETF's run now faces a challenge at $74.73, which is only 12 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Overall, looking at the technical analysis landscape, it seems Vanguard Intermediate-Term Bond ETF might continue pointing upwards in the short term.

Fundamental indicators – United States Core PCE Price Index (MoM) (Jan) came out at 0.6, while a consensus of analysts was expecting 0.4.

Upcoming fundamentals: United States New Home Sales (Jan) will be released today at 15:00 UTC.