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Nov 29 - 05:55 AM

EUR/GBP - Bears Bite Back After 10DMA Failure

By Peter Stoneham  —  Nov 29 - 04:10 AM
  • Monday rally failed ahead of the 10DMA, 0.8667

  • Tues pullback forms potential bearish Harami candle (inside real body day)

  • Daily momentum did not confirm Monday gains and now deeply negative

  • Monday's range provides near to market levels at 0.8569 and 0.8675

  • A 76.4% Fibo off 0.8341-0.9260 is at 0.8558

  • We lean bearish but will wait for the next major signal

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Source:
Refinitiv IFR Research/Market Commentary

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