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Sep 13 - 06:55 AM

GBP/USD - Euro Just Keeping Its Head Above Water Versus Sterling

By Peter Stoneham  —  Sep 13 - 06:10 AM
  • EUR/GBP struggling for direction but is maintaining a very shallow bull bias. We are long for a push to 0.8540 and have a tight 0.8425 stop. A move above the 0.8462 Sept. 11 high could trigger more of a squeeze. Fourteen day momentum is poised to flip positive and RSI is rising. Move above 0.8462 could open up a rally to 0.8486, 38.2% Fibo off 0.8624-0.8401.

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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