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Sep 27 - 06:12 AM
EUR/GBP - New Recovery High And Set For Significant Weekly Close
First appeared on eFXplus on Sep 27 - 03:55 AM
  • Once more attempting to break to the topside after dovish BoE steer

  • Price puts in a new recovery high at 0.8894 and matches the Sept 19 high

  • We are running long from 0.8850 and now need a break of the 21DMA at 0.8918

  • Above the 21DMA and our stop raised to entry

  • We target 0.9010 but will monitor price at the 100DMA, 0.8968

  • Weekly to just miss out on bull engulfing line but significant cls potential








EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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