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Sep 30 - 06:12 AM
EUR/GBP - Major Damage To The L/t Trend But 21DMA An Ally
First appeared on eFXplus on Sep 30 - 03:50 AM
  • Our long back in the game as cross lifts away from the 200DMA, 0.8834

  • Strong Frid cls yet to translate into Mon gains: 0.8911 21DMA stands in way

  • Once the 21DMA gives way we will raise our stop

  • Tech-price noise in 0.8960-0.8980 area a hurdle for developing trend

  • Last week first bull week since early Aug

  • Candles just missed out on a wkly bull engulfing line but significant









EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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