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Thomson Reuters
May 10 - 06:12 AM
EUR/GBP - Major Bull Signal Playing Out On Weeklies
First appeared on eFXplus on May 10 - 04:55 AM
  • Bulls working price to the top of the daily cloud: top at 0.8656
  • Daily bull run underpinned by a potential weekly bullish engulfing line
  • Close above 0.8629 and bull week next needed to complete the signal
  • Momentum and RSI yet to confirm daily gains, still reflect drop from 0.8681
  • We have a bid ahead of the 10DMA, 0.8585, for levels above 0.8700
  • Key downside level at 0.8442, 200WMA: 30WMA lower Bolli just ahead at 0.8455

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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