Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 12 - 06:55 AM

GBP/USD - EUR Trying To Break Higher Versus A Resilient Sterling

By Peter Stoneham  —  Apr 12 - 05:00 AM
  • Cross opened above the 100-day moving average, 0.8786

  • Our 0.8800 offer met and we now look for a return to the low 0.87s

  • Daily momentum readings still negative but close to zero

  • Converging 10, 21 and 100DMAs supporting, 0.8779 through 0.8786

  • Close above the 0.8800 Apr. 7 high could open up key resistance

  • The March 30 high is at 0.8827: potential turning point for the EUR

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!