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Nov 02 - 07:55 AM

GBP/USD - Euro Gains After Failure To Hold A 200DMA Break Vs Sterling

By Peter Stoneham  —  Nov 02 - 05:35 AM
  • Hammer candle and a failure to close below the 200DMA Wed

  • Bullish bias early Thurs and nudge back above the 10DMA

  • We bought into the Wed dip, 0.8700, for a run to 0.8850

  • Our stop is set tight below Wed's 0.8383 low

  • Fourteen day momentum remains positive and daily RSI is lifting

  • Key support 0.8680-90 area, Fibo. 200DMA and Nov. 1 low

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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