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Sep 24 - 07:55 AM

EUR/GBP - Continues To Favour Those Playing Ranges

By Peter Stoneham  —  Sep 24 - 05:54 AM
  • Cross entering another period of long candle shadows, above and below

  • Inability to drive bullish or bearish advantage home could cloud direction

  • Broader range defined by 0.8501 Sept 16 low and 0.8612 Sept 22 high

  • Series of falling significant daily tops leans bearish

  • Weekly bear bias is holding and argues for fading rallies to 0.8600-10 area

  • Monthly chart shows price held in middle of a wide 0.8450 to 0.8719 range

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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