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Nov 05 - 11:55 AM

EUR/GBP - Air Above 200DMA Too Thin For The Euro

By Peter Stoneham  —  Nov 05 - 09:56 AM
  • Looks like cross has failed just above the 200DMA at 0.8595

  • Deep pullback hits our trailing stop and we book 1.5% profit

  • Long upper candle shadow highlights demand fade

  • Close back under 0.8555 cloud base could trigger further losses next week

  • Weekly still set to confirm last week's hammer candle

  • Might consider setting a bid level for a trend resumption

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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