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Oct 07 - 02:55 AM

EUR/GBP - Losing Bearish Momentum; Correction Risk High

By Peter Stoneham  —  Oct 07 - 02:00 AM
  • Dangers in front running a potential reversal signal but we are long

  • Wed Doji candle hints at bears' indecision but needs Thurs confirmation

  • Minimum correction off 0.8658 to 0.8495 drop is at 0.8533

  • We target the 61.8% Fibo of that move, 0.8595

  • Stop placed tight below the 0.8450 2021 Aug 10 low

  • Wed 0.8495 low initial support and danger level for the long play

    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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