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Apr 20 - 02:55 AM

EUR/GBP - Ratcheting Lower And Below A Thickening Cloud

By Peter Stoneham  —  Apr 20 - 01:40 AM
  • Removal of a 50% Fibo at 0.8797 holds promise for or short

  • We are short from 0.8831 for 0.8735 with a stop at 0.8865

  • Late Wed rebound, 0.8793 to 0.8808, set up a firmer Thurs open

  • EUR below thick Ichimoku cloud and 55DMA, 0.8823 and 0.8827, respectively

  • Initial support at 0.8781, 61.8% Fibo off 0.8730-0.8863

  • Cloud bas e could be key this session

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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