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May 04 - 03:55 AM

GBP/USD - Euro Not Comfortable At Higher Levels Versus Sterling

By Peter Stoneham  —  May 04 - 01:55 AM
  • Bull reversal from Monday's harami-hammer candle hits the rocks at 0.8834

  • Lowered our offer to 0.8830 for a return to the 0.8760-65 support area

  • Daily momentum never really confirmed the Mon-Wed rally: negative readings

  • Daily RSI was diverging bearishly Wed and continues to fall

  • Daily cloud provides resistance levels at 0.8808 and 0.8848

  • Weekly charts continue to show price churning sideways

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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