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Oct 23 - 07:24 AM
EUR/GBP - Bear Pattern Severely Damaged But Not Negated
First appeared on eFXplus on Oct 23 - 05:00 AM
  • Constructive daily chart with a double day low in place at 0.8577-78

  • Steeply falling 10DMA might offer only token resistance at 0.8671

  • Significant doji candle highs at 0.8700-0.8716 might put up more of a fight

  • Stochs are confirming price gain and negative momentum fading

  • Bearish continuation pattern damaged but not negated, 0.8716 key here

  • Weeklies unable to break away from the 200WMA at 0.8648








EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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