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Feb 01 - 04:55 AM

EUR/GBP - Jan. 25 High The Level Bulls Need To Break

By Peter Stoneham  —  Feb 01 - 02:50 AM
  • Positive bias but sideways action the risk while below 0.8849, Jan. 25 high

  • Bearish divergence on 14-day momentum a warning

  • Daily RSI also turning over despite a new recovery high at 0.8829

  • Price has broken above a daily trend resistance line at 0.8822

  • The danger and trigger level to the downside is at 0.8763, Jan. 30 low

  • We will wait for a breakout before putting on a trade

    for more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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