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Mar 12 - 11:55 AM

EUR/GBP - Warning Was Given And Now The Bull Move

By Peter Stoneham  —  Mar 12 - 09:35 AM
  • Series of daily Dojis hinted at bear indecision and now the turn

  • We bought into potential trend reversal and have already raised the stop

  • 10DMA the initial hurdle, currently 0.8604

  • Biggest fade in 14-day bear momentum since Jan 8 and negative from that date

  • Daily RSI recovers from sub-30 readings and slow stochs warned of a turn

  • Set for second weekly hammer in three-weeks: suggests supply fade

    For more click onFXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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