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Apr 22 - 05:55 AM

EUR/GBP - REFILE-BUZZ-Corrective Action Could Push EUR/GBP Back Below 0.8600

By Peter Stoneham  —  Apr 22 - 04:15 AM

Changes to offer and stop

  • EUR/GBP's dip below the 10-DMA ran into bids Friday

  • Rally saw the daily cloud top, 100-DMA and March 26 daily high all breached

  • Speed and magnitude of the rally calls for corrective action

  • Daily RSI has turned over and the daily cloud is thinning to a twist

  • Offer met at 0.8625, ahead of a 61.8% Fibo, for 0.8535 with a 0.8665 stop

  • High risk counter bias trade

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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