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Thomson Reuters
May 07 - 05:00 AM
EUR/GBP - 30DMA Bolli Rejection Triggers Sharp Pullback
First appeared on eFXplus on May 07 - 03:10 AM
  • Friday rejection at the upper 30DMA Bolli
  • Early Monday action sees a sharp adjustment lower
  • Back under its daily cloud top and threatening the 100DMA at 0.8810
  • Recent chop in price and false breaks clouding direction
  • Over bought dailies warned of a pullback
  • We will wait for signals to become less mixed

EUR/GBP Trader:

EUR/GBP Chart: Click here

Source:
Thomson Reuters IFR Markets

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