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
For more click on FXBUZ
EUR/GBP Trader:
EUR/GBP daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary