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Sep 09 - 05:55 AM

GBP/USD - Euro Corrective Versus Sterling Following Six-Day Bull Run

By Peter Stoneham  —  Sep 09 - 04:15 AM
  • Six consecutive daily bull sessions into Friday's close

  • Close above the 10-day moving average encouraging for bulls

  • Our 0.8445 long play back in the game having weathered a drop to 0.8401

  • Early Monday and stalling looks corrective

  • Daily RSI flat lining at neutral levels while momentum remains negative

  • An October 1 0.8504-09 cloud twist also favouring the EUR

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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