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Oct 09 - 07:24 AM
EUR/GBP - Due A Pullback To 10DMA To Keep Bull Run Healthy
First appeared on eFXplus on Oct 09 - 05:20 AM
  • Stalling to the topside having failed to hold a 100DMA break Tues

  • Bid holding but a challenge to better Tues 0.8999 high

  • Pullback risk to 10DMA at 0.8907 but bull run still alive

  • A buy on dips strategy might pay for an eventual run through 0.9000 level

  • A 0.9109-0.9119 cloud twist value today might exert some pull on price

  • Note that the cloud thickens and falls away from the twist









EUR/GBP Trader:

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Source:
Refinitiv IFR Research/Market Commentary

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