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Aug 28 - 08:36 AM
EUR/GBP Up Hard As Brexit Moves Again Slam Sterling
First appeared on eFXplus on Aug 28 - 05:15 AM
  • Sizeable rebound out of Tues 0.9016 low and our 0.9100 offer met
  • Latest government Brexit initiative taken badly by sterling market
  • Our 0.9100 offer filled and we watch today's trend damage closely
  • Target 0.8900 with a 0.9180 stop: vulnerable to further political impulses
  • Today's price action not a reversal signal day but gains are significant
  • Trend indicators still reflecting the fall from Aug 12 0.9325
  • 14-day momentum has slowed and stochastic attempting to lift

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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