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Apr 13 - 05:55 AM

EUR/GBP - Weight Of The Cloud Proving Too Much

By Peter Stoneham  —  Apr 13 - 03:43 AM
  • Bear bias building and this despite long lower candle shadows

  • Failure to hold a cloud break, Mon-Tues, puts bears back in control

  • Our 0.8655 short still in the running having survived Frid's 0.8699 rally

  • Bullish momentum fading fast and RSI confirms price drop

  • Tues 0.8642 low initial support then a series of Fibo retrace levels

  • 0.8612-0.8586, 38.2%-50% Fibs off 0.8472 to 0.8699: key levels to watch

  • Sub-0.8665 cloud base close to help our cause

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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