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Nov 03 - 05:55 AM

EUR/GBP - Trend Needs To Topple Key 50% Fibonacci

By Peter Stoneham  —  Nov 03 - 04:09 AM
  • Cross may have put in a top at 0.8513 and early Tues looks corrective

  • However, above mkt cloud twists still calling and key Fibo in play

  • Significant 50% retracement of the 0.8568-0.8403 drop is at 0.8531

  • 14-day momentum just holding positive but RSI turning over

  • Our 0.8425 long play looking good with profit locked in

  • If correction holds risk to 10 and 21DMAs, currently 0.8468 and 0.8462

  • Our trailing stop is at 0.8455 and target at 0.8640


  • 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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