By Peter Stoneham — Jan 29 - 02:12 AM
• A slow death for our 0.8433 long play
• Price hitting a 0.8380 low for the second session running
• Our stop is just below an 0.8378 38.2% Fibo, 0.8375
• A third session clear below the 200DMA highlights the bearish bias
• The 10DMA is also poised to cross below the 200DMA
• Monday's 0.8420 high a possible squeeze point
• The converged 10 and 200DMAs are just ahead at 0.8417
• 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