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Sep 14 - 11:55 AM

EUR/GBP - Bearish Bias Strengthening Below The 100DMA

By Peter Stoneham  —  Sep 14 - 09:40 AM
  • Failure above both daily cloud and 100-day moving average Wed

  • A key day reversal signal given: Long upper shadows highlight demand fade

  • Higher high, lower low and close below the previous low

  • Bearish confirmation Thurs to complete the signal

  • Fourteen day momentum remains positive but just off the zero line

  • We lean bearish and offer just ahead of the session 0.8620 high

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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