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Thomson Reuters
Apr 15 - 12:12 PM
EUR/GBP's Scope For Key Upside Fibo, GBP/USD Also Bullish
First appeared on eFXplus on Apr 15 - 09:50 AM
  • EUR/GBP upside bias grows. 10 and 30-DMAs increasingly positive aligned
  • Scope is growing for an eventual retest of the 0.8713 Fibonacci level
  • 0.8713 Fibo is a 38.2 percent retrace of the 0.9102 to 0.8472 2019 fall
  • Cross broke but failed to break above it in March, weighing on the market
  • GBP/USD bulls gearing up for an another assault on 30-DMA nL1N21X06C
  • EUR/USD bulls face a thick daily cloud nL1N21X05O

GBP/USD Trader:

EUR/GBP Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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