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Jul 12 - 04:55 AM

EUR/GBP - Reversal Risk While Above 76.4% Fibo

By Peter Stoneham  —  Jul 12 - 03:15 AM
  • Fairly big price swings continue to cloud direction

  • Price caught between 76.4% Fibo, 0.8530, and a Jul 21 0.8603-09 cloud twist

  • Underlying bias with bears but lack of progress risks a larger rebound

  • Bearish daily momentum has increased but RSI is flat lining at neutral lvls

  • Divergence on weekly momentum but techs still point south

  • Recent low, 0.8531, and 0.8530 Fibo the key support/trigger points this week

    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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