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Oct 14 - 06:55 AM

EUR/GBP - Risk Of A Squeeze As Big Support Comes Into Play

By Peter Stoneham  —  Oct 14 - 05:10 AM
  • Sharp two-day losses to 0.8610, mild rebound to 0.8670 but remains bearish

  • Big support points are close by and could trigger a squeeze

  • We offer by 0.8720 to exploit any larger adjustment

  • Bullish divergence on daily RSI but not convincing

  • The 55DMA is just off the Thurs low, 0.8612

  • Daily cloud top at 0.8583 and 100DMA at 0.8580

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Source:
Refinitiv IFR Research/Market Commentary

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