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Aug 16 - 07:55 AM

EUR/GBP's Close Under 30-DMA Will Likely To See A Bigger Slump

By Martin Miller  —  Aug 16 - 05:45 AM
  • EUR/GBP's upside has been stymied by the 30-day upper bollinger, at 0.8667

  • The cross closed under the 30-DMA, that now comes in at 0.8594 = bearish

  • The 30-day lower bollinger-band, currently at 0.8521, beckons for a test

  • 14-day momentum flipped to positive at Monday's close = bullish

  • But momentum could revert to negative at the end of trading on Wednesday

  • EUR/GBP Trading Page TGM2343. Previous update nL1N39W0KQ

Refinitiv IFR Research/Market Commentary


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