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Mar 18 - 03:55 AM

EUR/GBP - Mixed Signals Point To A Tighter Session

By Peter Stoneham  —  Mar 18 - 03:30 AM
  • Strong Thurs rebound, 0.8374 to 0.8457, and our cost free stop hit at 0.8423

  • A key day recorded, higher high, lower low and close above previous close

  • However, another failure above the daily cloud, top today at 0.8442

  • We take another short from 0.8427 for 0.8335 and stop abv 200DMA at 0.8485

  • High risk trade given underlying bias but failures are significant

  • Daily RSI is diverging bearishly but momentum is positive

  • Weekly chart set for back to back gains but long upper shadow this week too

    For more click on FXBUZ

EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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