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Thomson Reuters
May 27 - 09:48 PM
GBP/USD - Heads Lower, As The Dust Settles On EU Election
First appeared on eFXplus on May 27 - 07:45 PM
  • Flat after closing -0.2%, as a no deal Brexit gains traction nL8N233232
  • EU elections force major parties to clarify their Brexit stance nL8N23317M
  • Momentum studies conflict, 5, 10 & 21 DMAs trend south - bearish setup
  • 1.2638, 76.4% 2019 rise proving resilient, break targets the 1.2409 2019 low
  • Close above the tested, falling 1.2717 10 DMA would suggest consolidation
  • European 1.2746/1.2667 range is initial support/resistance

gbp may 28 Click here

Source:
Thomson Reuters IFR Markets

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