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Jul 07 - 04:55 AM

EUR/GBP - Modest Adjustment After Damaging Trend Break

By Peter Stoneham  —  Jul 07 - 02:40 AM
  • A clear close below daily trend support Wednesday, the line at 0.8599 today

  • We are long from 0.8545 for a corrective run back above 0.8600

  • High risk trade given the trend break

  • Recent price swings still showing up in tight momentum readings

  • Daily RSI is also flat lining at neutral levels

  • Bear targets 0.8523 30DMA lower Bolli and 0.8501 daily cloud top

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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