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Thomson Reuters
Apr 01 - 06:12 AM
EUR/GBP - Failure To Hold Friday's Advance Is Significant
First appeared on eFXplus on Apr 01 - 03:55 AM
  • Friday's action hinted at market indecision and Monday's easier bias fits
  • The Frid Doji candle can also warned of a change in direction
  • Underlying bear trend from the early Jan highs intact despite Mar 21 high
  • We have raised our long stop and locked in more profit on the 0.8535 trade
  • Converging 10, 21 and 30DMAs fighting our corner between 0.8576 and 0.8594
  • A strong close on the week and cloud twists above market are encouraging

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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