By Peter Stoneham — Feb 07 - 02:26 AM
• Bullish reversal holding despite early Friday weakness
• EUR/GBP remains above its daily cloud and 100-DMA
• Thursday's long upper candle shadow warns of demand fade
• February 17 0.8334-35 cloud twist could also drag on further gains
• Thursday 0.8376 high pivotal resistance for Friday
• A 61.8% Fibo just above at 0.8399
• Mixed signals leave us side lined for now
• EUR/GBP Trader EUR/GBP Trader: [page:2343]
EUR/GBP daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters