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Oct 13 - 04:55 AM

EUR/GBP - Long In Play But Teased By Holding Pattern

By Peter Stoneham  —  Oct 13 - 03:17 AM
  • Loss consolidation teasing our 0.8504 long play

  • Direction still bearish but progress has slowed

  • Tues 0.8518 high and 0.8516 10DMA initial bull triggers

  • To the downside the pattern base at 0.8473 key support

  • Daily-monthly RSIs imply downside momentum is still in place

  • We target 0.8590 but a further test and fail at 0.8520 sees position exited

    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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