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Jun 03 - 06:55 AM

EUR/GBP - Bulls Need To Force A Daily Close Above The 30-DMA

By Martin Miller  —  Jun 03 - 04:59 AM
  • EUR/GBP bulls need to force a daily close above the 30-DMA, now at 0.8638

  • A break above which will accelerate further up towards May 25 0.8670 high

  • Ultimate upside target would be 30-day upper bollinger-band, now at 0.8716

  • We remain long at 0.8600 in anticipation for gains. Trading Page TGM2343

  • Meanwhile our stop is protected under last Friday's 0.8276 low

  • EUR/USD nL2N2NK2QI. GBP/USD nL2N2NL0BJ

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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