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Thomson Reuters
Mar 08 - 07:24 AM
EUR/GBP - 30DMA Lower Bolli Spoiling The Bear Party
First appeared on eFXplus on Mar 08 - 05:10 AM
  • Just failed to record a new 2019 low and range break Thurs
  • Mild adjustment from 0.8539 and still below the 10DMA, 0.8595
  • A risk the cross returns to mid-range and consolidates around 0.8588
  • We maintain an offer by 0.8710, looking to exploit larger corrective action
  • Daily RSI remains over sold but 14-day negative momentum holding
  • Weeklies provide longer-term direction: bear target 200WMA at 0.7378

GBP/USD Trader:

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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