Derived Data That Drive Results
By Peter Stoneham — Dec 07 - 02:30 AM
EUR/GBP rose above the 100-DMA Tues and closed tight on the 0.8628 average
A Wed close above the 10 and 100DMAs would negate the MA bear cross
Key resistance at 0.8675, the Nov. 28 high
Daily negative momentum readings are fading and RSI is flat lining
A rising 200DMA line defines the shallow bull bias
The average is at 0.8545 today and is the main downside trigger
On balance a bull market but tighter ranges will cloud direction
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Source:
Refinitiv IFR Research/Market Commentary
