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Oct 03 - 12:12 PM
EUR/GBP - Bears Once Again Bating The 200DMA
First appeared on eFXplus on Oct 03 - 09:55 AM
  • Two-day gains wiped out and price once again looking to the 200DMA

  • Bought into the dip ahead of the 0.8833 average for the 100DMA at 0.8970

  • Indicators are bearish but while above the 200DMA rebound risk is high

  • 61.8% Fibo off major 0.8456 to 0.9325 rally comes at 0.8788, out stop below

  • Bull bets off on close below 200DMA: opens up 0.8788 Sept 20 low

  • Weeklies draw support from weekly cloud top at 0.8787








EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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