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May 03 - 06:55 AM

EUR/GBP - Daily Cloud Holds All The Chart Answers

By Peter Stoneham  —  May 03 - 04:38 AM
  • Our 0.8714 long still at risk from a thick and falling daily cloud

  • Cloud parameters are at 0.8596 and 0.8715 today

  • 14-day momentum at neutral levels and RSI flat lining

  • On balance risk is skewed to the downside while below 0.8715 cloud top

  • Weekly topping pattern adds to the bearish outlook

  • While above the 10-WMA, 0.8629, bulls have some hope

















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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