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Thomson Reuters
May 09 - 07:24 AM
EUR/GBP - Cloud Base Buy Level Wíthin Developing Bull Trend
First appeared on eFXplus on May 09 - 05:05 AM
  • Wed close clear inside the daily cloud keeping the bull run alive
  • Cloud base at 0.8582 provides a buy level for longer-term gains
  • Daily RSI turning over suggests pullback scope
  • Weeklies continue to show price climbing away from 200WMA
  • Longer-term move towards Mar-May range highs around 0.8720 possible
  • Series of above market weekly cloud twists also in the bull mix

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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