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Jul 28 - 06:55 AM

EUR/GBP - Dips Should Be Contained By The Rising 50-DMA

By Martin Miller  —  Jul 28 - 05:10 AM
  • Overall scope is for eventual gains through the 0.9183 Fibo

  • 0.9183 Fibo is a 61.8% retrace of the 0.9500 to 0.8671 (March to April) drop

  • A break and daily close above which will accelerate further up

  • In recent weeks 50-DMA, which is now at 0.9007, has propped up EUR/GBP

  • We are looking to get long on dips to 0.9020. EUR/GBP Trading Page TGM2343

  • EUR/USD Fibo should prop nL2N2EZ09I. GBP/USD breaks key Fibo nL2N2EZ0B9

Daily Bollinger Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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