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Aug 27 - 05:55 AM

EUR/GBP - Bulls Lack Conviction To Push Through Resistance

By Peter Stoneham  —  Aug 27 - 04:08 AM
  • Cross ratchets higher but progress slow and blunted by thin daily cloud

  • Marginal push above the 0.8586-87 cloud but rejected by 100DMA at 0.8590

  • Long upper candle shadow forming, could trigger deeper pullback Monday

  • Aug 24 0.8543 low a potential trigger point in further weakness

  • Weekly doji star adds to bearish risk: momentum remains negative

  • Bearish indication creeping into the equation but we stand aside for now

    For more click on FXBUZ

EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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