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Apr 22 - 11:55 AM

EUR/GBP - Strong Kick Start Of The Bullish Bias

By Peter Stoneham  —  Apr 22 - 09:35 AM
  • Climbs deeper inside a thick and falling daily cloud, 0.8625-0.8809

  • Initial resistance at 0.8718, April 16 high and steep sell-off point

  • Next Fibo level off the 0.9229-0.8472 drop is at 0.8761, 38.2%

  • 14-day momentum and RSI confirming today's gains

  • Weekly hammer potential: could signal re-start of the bullish bias

  • Our bid by 0.8565 will be raised on a close above 0.8670

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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