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Thomson Reuters
Jun 11 - 06:12 AM
EUR/GBP - Bulls Should Be On Alert For Potential Reversal
First appeared on eFXplus on Jun 11 - 03:50 AM
  • Bearish divergence on daily RSI a Tuesday stand out as EUR makes a new high
  • 10DMA still defining the up-trend, today at 0.8870: trend high 0.8932
  • Slight drop in positive 14-day momentum also takes shine off latest gain
  • We have an offer by 0.8945, ahead of the 0.8950 76.4% Fibo
  • Rising daily cloud way off but June 19 0.8595 twist could exert drag on EUR
  • Full blown trend reversal only below 200DMA, currently 0.8783

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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