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Sep 03 - 07:55 AM

EUR/GBP - Trapped Between Psychological Support And Cloud Supply

By Martin Miller  —  Sep 03 - 05:35 AM
  • EUR/GBP has slipped and remained below the cloud, weakening the outlook

  • The daily cloud currently spans the 0.8434-76 region

  • 14-day momentum turned negative in August, highlighting the bearish risk

  • However, some support found just ahead of the 0.8400 psychological level

  • That gives bulls a chance to build a base, attempt to take the cross higher

  • EUR/GBP Trading Page TGM2343 EUR/USD nL1N3KL07A, GBP//USD nL1N3KK09Y

Source:
Refinitiv IFR Research/Market Commentary

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