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Jan 29 - 11:55 AM

EUR/GBP - Battle Of The Shadows Clouding Direction

By Peter Stoneham  —  Jan 29 - 07:39 AM
  • Major battle underway as long upper-lower candle shadows cloud direction

  • Underlying trend remains down and fading up-ticks favoured

  • However, signals are mixed and the risk is for price to churn

  • Within a sideways bias above Wed's 0.8814 hammer candle low

  • 10DMA a fade level as closes above prove elusive, currently 0.8866

  • Weekly set for sub-cloud close and possibly below 0.8840 100-200WMAs

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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