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Jun 02 - 05:55 AM

EUR/GBP - Adjusting Three-Day Rally; Still Leans Bullish

By Peter Stoneham  —  Jun 02 - 02:52 AM
  • Three-day recovery and close above the thin daily cloud Tues

  • Traction lost into Wed and tight early action just above the 0.8625 cloud

  • We still lean bullish for a 0.8670 test but will monitor price for now

  • May 25 high and 100DMA are at 0.8670: May 7 0.8700 high the level behind

  • Daily cloud base at 0.8605 key Wed support then Tues 0.8586 Tues low

  • Short-term bull trend resumption above 30DMA, 0.8640

















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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