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Dec 11 - 06:55 AM

GBP/USD - Euro Bear Run Versus Sterling Beginning To Look Stretched

By Peter Stoneham  —  Dec 11 - 04:40 AM
  • Had been looking for better levels to fade the cross

  • Might see a squeeze before the week is out but for now the offer holds

  • Pretty much a straight line decline has left us side lined

  • The drop to 0.8355 has left the 10DMA behind at 0.8284

  • The average now beginning to define the bear trend again

  • Despite the strength of the move we are reluctant to sell at market

  • Daily studies are confirming the price drop but beginning to look stretched

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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