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Oct 12 - 03:55 AM

EUR/GBP - Continuation Risk To Those Playing Long

By Peter Stoneham  —  Oct 12 - 02:26 AM
  • Monday rebound away from 0.8473 trend lows puts our long back in play

  • However, price could be playing out a bearish continuation pattern

  • Bulls need to clear a minimum correction point at 0.8517 off 0.8658-0.8473

  • 38.2% and 50% Fibos off that move are at 0.8544 and 0.8566

  • Nov 1 0.8557-59 cloud twist could attract but impact limited this far out

  • We will maintain our long for 0.8590 with a 0.8445 stop

    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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