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Apr 14 - 05:55 AM

EUR/GBP - Big Jump Start For The Underying Trend

By Peter Stoneham  —  Apr 14 - 03:37 AM
  • Big bullish jolt after two-day drift, puts underlying trend in play

  • Not a run-away move but still hints at larger gains despite soft Wed open

  • Daily consolidation potentially a bull continuation pattern

  • Holding a cloud break and giving a cloud top target at 0.8815

  • Minimum correction of 0.9229-0.8472 drop cleared at 0.8651, 38.2% is 0.8761

  • Below 0.8645, Mar 24 high, and bull trend questioned

  • We consider buying dips to this level with a tight stop

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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