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Apr 05 - 11:55 AM

GBP/USD - Euro Continues To Struggle Above 0.8580 Versus Sterling

By Peter Stoneham  —  Apr 05 - 09:35 AM
  • Stalling in the 0.8580s again the theme for EUR/GBP

  • We have decided to square our 0.8551 long play

  • A new high for the current run, 0.8586 before the drift

  • Price still above 10-DMA and daily-monthly RSIs indicating upward momentum

  • However, the 0.8585/90 zone is an impediment

  • The 100-DMA and a series of recent daily highs sit in that zone

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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