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
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Source:
Refinitiv IFR Research/Market Commentary