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Dec 06 - 06:55 AM

GBP/USD - Euro At Risk Of A Bear Trend Resumption Versus Sterling

By Peter Stoneham  —  Dec 06 - 04:40 AM
  • EUR/GBP was due a correction following a sharp seven day decline

  • Thursday's modest bounce eased some of the over sold condition

  • Bearish confirmation on most studies but slow stochs are still stretched

  • Early Friday and potential for a bearish resumption

  • Wednesday's 0.8270 low the initial support point

  • We lean bearish and will look for better entry levels to the short side

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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