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Sep 02 - 04:55 AM

EUR/GBP - Long-Term Chart Points To A Big-Figure Change

By Peter Stoneham  —  Sep 02 - 03:15 AM
  • A bid returns to the cross following Thursday's 0.8669-0.8614 drop

  • Weekly chart continues to target the 200-week moving average: 0.8704

  • Our 0.8646 short is just on-side but is at risk of a trend resumption

  • 14-day positive momentum has picked up but RSI remains over bought

  • A minimum correction of the 0.8341 to 0.8669 climb is at 0.8592

  • A drop under the 23.6% Fibo needed to put the downside back in play

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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