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Oct 24 - 06:55 AM

EUR/GBP - Beware EUR/GBP Seems To Have Failed Above The 200-DMA

By Martin Miller  —  Oct 24 - 04:40 AM
  • EUR/GBP has slipped back under the 200-DMA, currently at 0.8695

  • The cross had traded above the 200-DMA for three days in a row

  • A daily close back under the 200-DMA would shift the bias back lower

  • There is a good chance of a setback to the 30-DMA, that is now at 0.8657

  • 14-day momentum positive, but is at risk of turning negative

  • EUR/GBP Trading Page TGM2343

Source:
Refinitiv IFR Research/Market Commentary

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