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