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Oct 11 - 08:55 AM

EUR/GBP - New Trend Low Brings A Further Adjustment

By Peter Stoneham  —  Oct 11 - 06:41 AM
  • Cross trying to pull out of its dive towards 0.8450 and our long stop below

  • Positive Frid close did not prevent the print of a marginal new low Mon

  • Bounce out of 0.847250 reaching 0.8485 so far

  • Need a move above 0.8521 Oct 7 high to shake up the bear trend

  • Weeklies heavily bearish but need to break 0.8450 to trigger a deeper drop

  • Big trigger levels 0.8450 and 0.8669 recent price extremes

    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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