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Oct 21 - 06:55 AM

GBP/USD - EUR's Lack Of Bounce Bodes Well For Sterling

By Peter Stoneham  —  Oct 21 - 05:11 AM
  • Lack of bounce off the 0.8424-25 lows doesn't bode well for EUR/GBP longs

  • However, we maintain a long from 0.8425 for 0.8640 with a stop at 0.8380

  • Doji candles hint at bears' indecision, which could favour the long side

  • Nov 1 0.8557-59 cloud twist also fighting the bull's corner

  • Key topside levels at 0.8465 and 0.8479, 10DMA and 23.6% Fibo

  • Below 0.8424 could trigger drop to Feb 2020 sub-0.83 lows

    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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