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Thomson Reuters
Mar 13 - 07:24 AM
EUR/GBP - Warning From Weekly Candles After Brexit Volatility
First appeared on eFXplus on Mar 13 - 05:05 AM
  • Falling daily tops and failure to close above 21DMA point lower
  • Increasing negative daily momentum and RSI down tick keeps bears on side
  • Risk a return to previous 0.8539-0.8647 range as mkt calms post volatility
  • Advantage bears but stops favoured tight above Monday 0.8679 high
  • Potential hammer (bullish) warning on weekly candles: key week potential too
  • 200WMA remain pivotal level and target, 0.8385, should hammer reversal fail

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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