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Nov 08 - 05:55 AM

EUR/GBP - Engulfing Candlestick Line A Worry For The Euro

By Peter Stoneham  —  Nov 08 - 04:05 AM
  • Our 0.8745 long looks uncomfortable following Mon's bearish engulfing line

  • Engulfing candles can warn of a reversal

  • A low of 0.8693, just shy of our 0.8690 stop

  • Moving average support runs from 0.8661 through 0.8699

  • Daily momentum has flipped marginally negative but RSI is flat to rising

  • A close above the daily Kinsen line, 0.8719, would bolster the EUR

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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