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Mar 29 - 08:55 AM

EUR/GBP - Chart Is Becoming Increasingly Negative

By Martin Miller  —  Mar 29 - 06:35 AM
  • EUR/GBP chart is becoming more negative, odds grow for a bigger drop

  • More bearish after last week's close under the 0.8566 Fibonacci level

  • 0.8566 Fibo is a 76.4% retrace of 0.8278 to 0.9500 (2019 to 2020) rise

  • Fourteen-week momentum has been negative for fourteen weeks in a row

  • Our long at 0.8552 is under pressure. EUR/GBP Trading Page TGM2343

Weekly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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