By Peter Stoneham — Aug 01 - 02:35 AM
Mixed signals on the daily chart within a shallow bull run
Inverted hammer candle Wed a concern for our long play
Daily momentum, RSI and slow stochastic readings are positive
A fifth consecutive bearish month and July closed below the 200MMA
It was 2015 the last time the EUR closed below the 200MMA
The average currently at 0.8456 and we might square on failure here
We are long from 0.8420 for 0.8505 with a stop at 0.8380
EUR/GBP Trader TGM2343
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary