Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 11 - 01:55 PM

EUR/GBP - Shorts Require 200DMA To Cap Reversal

By Justin Mcqueen  —  May 11 - 12:15 PM
  • Risk aversion trumps BoE as sterling reverses initial advance

  • BoE's Bailey hopes end of rate hikes is near. Data will decide 0#BOEWATCH

  • U.S. regional banking concerns, soft Chinese data sparks flight to safety

  • Strong reversal from post-BoE low (0.8662) is a concern for EUR/GBP shorts

  • Prior support at 0.8720 (Jan/Mar lows) and 0.8737 (200DMA) now resistance

  • Shorts need 200DMA to hold to renew focus towards 0.8600

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved