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Jan 16 - 03:55 AM

GBP/USD - Euro Threatening To Resume Its Trend Versus Sterling

By Peter Stoneham  —  Jan 16 - 01:57 AM

• A new trend high, 0.8465, Wed, but EUR closed under the 200DMA

• Small bid early Thurs and risk of a bullish resumption

• We are maintaining a short from 0.8447 and have tightened up the parameters

• Fourteen day momentum is positive and RSI is rising again

• A minimum correction of the 0.8223-0.8465 gain is at 0.8408

• The 200DMA is at 0.8425EUR/GBP Trader: [page:2343]
EUR/GBP daily candle chart:


(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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