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Feb 23 - 06:55 AM

EUR/GBP - Flat Lining Cloud Holds The Key For EUR/GBP Bears

By Peter Stoneham  —  Feb 23 - 05:05 AM
  • Sharp decline from 0.8928, Feb. 17 high, held by the daily cloud

  • Ichimoku cloud parameters are currently 0.8722 and 0.8778

  • The 100-day moving average sits just below the cloud at 0.8751

  • Daily momentum is diverging bearishly, reflecting the recent price drop

  • The 10-day moving average has crossed below the 21-day average: bearish

  • We maintain an offer at 0.8870 but will revise on a weak close

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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