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Thomson Reuters
Mar 06 - 07:24 AM
EUR/GBP - Up On The Day But Bears And 10DMA Have Control
First appeared on eFXplus on Mar 06 - 05:05 AM
  • More of a holding pattern as sterling markets await next Brexit development
  • Loss of corrective momentum putting the bears back in control
  • Failure to hold a break above the 10DMA significant
  • Daily RSI trying to lift but bearish divergence on 14-day momentum
  • Bullish adjustment lacking strength and beginning to an out sideways
  • May need to revise our 0.8710 offer if market fails to better the 10DMA

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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