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Nov 23 - 03:55 AM

EUR/GBP - Mixed Signals Clouding Near-Term Direction

By Peter Stoneham  —  Nov 23 - 02:40 AM
  • Tues hammer candle (bullish) drawing confirmation early Wed

  • A low in place at 0.8633, just shy of the 100DMA, 0.8616

  • Price bangs into converged 21 and 30DMAs at 0.8696

  • Next resistance point is at 0.8713, 10DMA

  • The 10DMA has crossed below the 55DMA, a bearish signal

  • Daily momentum readings have also flipped to negative

  • For now signals are mixed, we stand aside

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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