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
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Source:
Refinitiv IFR Research/Market Commentary