Derived Data That Drive Results
By Peter Stoneham — Apr 25 - 01:35 AM
Ominous signs for our 0.8831 short play after back to back bull sessions
Cross is threatening to trend higher and is back above its daily cloud
Daily momentum and RSI readings are confirming the price gain
Close above the 0.8848 cloud top would point the EUR to a 76.4% Fibo
The retrace level is at 0.8876, taken off 0.8924-0.8719
Will run our short to its tight stop
For more click on FXBUZ
EUR/GBP Trader:
EUR/GBP daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
