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Apr 17 - 11:55 AM

GBP/USD - Euro Hit By A Technical Barrage Versus Sterling

By Peter Stoneham  —  Apr 17 - 09:35 AM
  • Tempted early in the session to short the EUR and cross has fallen

  • Potential for a key day reversal, higher high, lower low and a weak close

  • A close back below the 55DMA also on the cards

  • False break above a very thin Ichimoku cloud also in play

  • Today's 0.8863 high just shy of the 0.8864 Mar. 23 peak

  • We lean at the converged 10 and 21, and 100-day moving averages, 0.8792-95

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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