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Mar 31 - 07:55 AM

EUR/GBP - Chart Shows This Market Is On A Knife-Edge

By Martin Miller  —  Mar 31 - 05:42 AM
  • Long lower shadow formed on Mon is a sign recent losses might have ended

  • But bulls should be mindful of last week's bearish close under 0.8566 Fibo

  • 0.8566 Fibo is a 0.8278 to 0.9500 (2019 to 2020) rise

  • Also 14-week momentum has been negative for 14 weeks in a row

  • EUR/USD in danger of crashing under major Fibo support nL1N2LT0DB

  • GBP/USD traders have been trapped in daily cloud nL1N2LT0MR

  • Previous update nL1N2LR0NO. EUR/GBP Trading Page nL1N2LS0ST

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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