By Peter Stoneham — Oct 17 - 04:25 AM
No preceding trend to reverse but Mon recorded a key day and engulfing line
Hints at market indecision with long upper and lower EUR/GBP shadows
Daily chart does smack of a market that is happy panning out sideways
Can't ignore the Oct. 25 0.9593-97 cloud twist (bearish)
Daily RSI trying to lift but momentum readings are near neutral
Buls can target the 200-day moving average: currently at 0.8699
Tight call but marginally bullish: We stand aside for now
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Source:
Refinitiv IFR Research/Market Commentary