By Peter Stoneham — Aug 06 - 01:45 AM
Pullback from Monday's 0.8619 high left a long upper candle shadow
Soft Tuesday open clear below 0.8600
Our 0.8585 short play just on-side
High risk counter-trend trade looking for 0.8475 with a 0.8650 stop
Minimum correction off the 0.8391-0.8619 climb met at 0.8565
Daily RSI still above 70, points to a deeper adjustment
A close under the 0.8558 200DMA could trigger a larger drop
EUR/GBP Trader TGM2343
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary