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Oct 31 - 06:55 AM

GBP/USD - Euro Building On Its Advantage Versus Sterling

By Peter Stoneham  —  Oct 31 - 04:50 AM
  • EUR/GBP set to extend its rally off the 0.8684 Oct. 24 low

  • Our 0.8700 bid out of the game: will re-set strategy on a strong Tues close

  • A close above 0.8740, Oct. 20 high, could trigger more of a squeeze

  • Fourteen day momentum strongly confirming the rally

  • Daily RSI is near over bought levels

  • Drop below 10DMA or more significantly the 200DMA to negate the bull run

  • The averages currently at 0.8714 and 0.8694, respectively

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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