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Sep 29 - 02:55 AM

EUR/GBP - Crying Out For An Adjustment; Risk To 50% Fibo

By Peter Stoneham  —  Sep 29 - 02:00 AM
  • Significant up-day Tues crying out for a Wed adjustment

  • Third biggest points gain of 2021

  • Fibos off the 0.8525-0.8640 Tues climb are 0.8613, 0.8596 and 50% at 0.8583

  • The 200DMA still standing over the market, currently 0.8649

  • Long-term average has defined the 2021 bear trend

  • We have placed a bid at 0.8575 for a bullish resumption: target 0.8710

    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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