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Feb 27 - 06:12 AM
EUR/GBP - Major Support Point Provides Bears With A Target
First appeared on eFXplus on Feb 27 - 03:50 AM
  • Significant breaks below daily and weekly lower Bollinger bands
  • 200WMA at 0.8371 provides a bear target: June 2016 last time below
  • Late Tues recovery from new 0.8563 21-month low but offer holding
  • A degree of supply fade and daily RSI flattens at over sold levels
  • Daily negative momentum also slowing and Stochs flatten
  • We maintain an 0.8710 offer to exploit stronger adjustments

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