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Jun 28 - 12:12 PM
EUR/GBP - Offering Up An Opportunity For Cheaper Trend Entry
First appeared on eFXplus on Jun 28 - 08:20 AM
  • Bull run contained by the upper 30DMA Bollinger band at 0.8991
  • 14-day momentum positive but fading and RSI flat lining at the 70.00 level
  • Pullback to 10DMA at 0.8936 might encourage us to take a long for 0.9075
  • 30WMA upper Boll is at 0.9077: weekly point to an eighth strait bull period
  • Momentum here is strong and RSI climbing steadily
  • Looking good for further gains towards the 30WMA upper Bollinger at 0.9077

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

EUR/GBP Weekly Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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