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Aug 30 - 05:55 AM

EUR/GBP - Bulls Need To Drive Home Advantage Above Aug 23 High

By Peter Stoneham  —  Aug 30 - 03:44 AM
  • The 10DMA continues to support a choppy bull bias, today at 0.8559

  • Gain consolidation after 0.8450-0.8593 Aug 10-23 climb frustrating direction

  • Advantage bulls but need to break above Aug 23 0.8593 high soon

  • A very thin cloud, base at 0.8587, and 100DMA, 0.8589, just ahead

  • 14-day momentum holding bullish but RSI struggling to confirm gains

  • Weekly chart shows market indecision at the recent highs: bear risk

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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