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
Source:
Refinitiv IFR Research/Market Commentary