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May 27 - 05:55 AM

GBP/USD - Euro Struggling On Up-Ticks As Sterling Bites Back

By Peter Stoneham  —  May 27 - 04:55 AM
  • Volatility continues to cloud near-term direction

  • We still lean bearish and look for a run back to the 200DMA, 0.8445

  • Converged 10, 21 and 30DMAs provide initial support at 0.8491-94

  • Tues/Wed 0.8487-88 lows just behind and then daily Kinsen at 0.8468

  • Neutral RSI readings and negative 14-day momentum

  • We look for stronger signals before taking a position

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EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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