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Oct 11 - 06:12 AM
EUR/GBP - FX Traders Again Facing The 200DMA Dilemma
First appeared on eFXplus on Oct 11 - 03:55 AM
  • Sharp Thursday drop from 55DMA at 0.9020 to 200DMA at 0.8830

  • Our 0.8984 short play ran to target at 0.8850

  • Bears now taking stock just ahead of the 200DMA, still 0.8830

  • The average is flat lining and loses some significance as a result

  • However, merit in buying close to 200DMA and stop below 0.8788 Sept 20 low

  • We have an offer set in the high 0.89s but might switch to a bull play









EUR/GBP Trader:

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Source:
Refinitiv IFR Research/Market Commentary

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