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Jan 11 - 06:55 AM

EUR/GBP - Threatening A Downside Breakout

By Peter Stoneham  —  Jan 11 - 04:35 AM
  • Long plays in trouble as price threatens to break lower

  • There is small divergence on momentum and RSI but cross remains heavy

  • Our 0.8350 long trade for 0.8460 close to stop at 0.8325

  • A Jan 14 0.8511-13 cloud twist unlikely to save our trade

  • While below the 0.8366 10DMA the risk is to Feb 2020 low at 0.8282

  • Minimum correction off 0.8598-0.8333 also key topside at 0.8396

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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