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Feb 15 - 05:55 AM

GBP/USD - Euro Catches A Bid And Threatens A Reversal Versus Sterling

By Peter Stoneham  —  Feb 15 - 03:35 AM
  • A seven-day bear run but now the EUR finds its feet

  • A bid market early Wed with gains from Tues 0.8806 trend low

  • See a potential trend change above the 10-DMA, currently 0.8882

  • Tempted to fade cross just ahead of the 10DMA but will monitor price action

  • Monday's high just ahead at 0.8874

  • Daily momentum was poised to flip negative but has now bounced

  • Could be a key session for EUR/GBP following a trending bear run

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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