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Nov 03 - 03:55 AM

GBP/USD - Long Candle Shadows Clouding Euro's Direction Versus Sterling

By Peter Stoneham  —  Nov 03 - 03:00 AM
  • EUR/GBP rallied above the 10-DMA then struck a two-session high Thurs

  • Subsequent drop left a long upper candle shadow and a doji

  • Volatility around the 200DMA is clouding direction: long upper-lower shadows

  • We are long from 0.8700 for 0.8850 with a 0.8670 stop

  • Daily chart looks worrying for the long and weeklies set for a bear close

  • A close above the 200DMA, 0.8693, would help

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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