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Apr 06 - 06:55 AM

EUR/GBP Tech Outlook Negative, EUR/USD And GBP/USD Should Rise

By Martin Miller  —  Apr 06 - 04:35 AM
  • 10 and 30-DMAs are negatively aligned, reinforcing the bearish EUR/GBP

  • It fell on Tues to probe 30-day lower BB, now at 0.8720, before recovering

  • Overall bias for an eventual retest of the 200-DMA that is now at 0.8697

  • 14-day momentum remains negative, but bears beware it could turn positive

  • EUR/GBP Trader TGM2343. Previous update nL1N3680II

  • EUR/USD chart bullish nL1N3690BH. GBP/USD momentum positive nL1N3690DW

Source:
Refinitiv IFR Research/Market Commentary

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