By Peter Stoneham — Apr 15 - 09:45 AM
EUR/GBP hunting for a new low below last week's 0.8529 base
We have lowered our short stop to 0.8580, just above the 100DMA
Target remains 0.8510 but might adjust on a sub daily cloud close
Daily Ichimoku cloud base currently 0.8540
Fourteen day momentum is confirming latest price drop
Daily RSI also falling and now below the 40 level
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary