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Jul 06 - 05:55 AM

EUR/GBP - Trend Points To Key Bear Targets

By Peter Stoneham  —  Jul 06 - 04:30 AM
  • Slow grind lower and heading towards recent range lows and Fibo

  • June 23 low is at 0.8531 and 76.4% Fibo, 0.8472-0.8719, at 0.8530

  • July 21 0.8603-09 cloud twist could frustrate bears

  • Shallow bear trend gives direction; points EUR at 0.8531-0.8471, key lvls

  • Daily momentum negative and RSI falling

  • We lean bearish but wait for a range break

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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