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Aug 26 - 06:55 AM

GBP/USD - Euro Eyes Breakout Levels Versus Listless Sterling

By Peter Stoneham  —  Aug 26 - 05:57 AM

  • Price is beginning to churn and direction clouded

  • We maintain a short trade from 0.8554 for 0.8460 with an 0.8595 stop

  • 14-day momentum is diverging bullishly and RSI flat to marginally firmer

  • As dollar moves dominate the cross looks set to pan out sideways n/t

  • Key trigger points at 0.8543 and 0.8493, recent extremes

  • Weekly action currently displaying a bearish harami (reversal) candle

    For more click on FXBUZ

















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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