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Jul 10 - 06:55 AM

EUR/GBP - Perfect Time To Bet On A EUR/GBP Rebound

By Jeremy Boulton  —  Jul 10 - 05:05 AM
  • EUR/GBP lifted by month-end buying in June then sinks towards a cloud twist

  • Daily Ichimoku cloud twists today at 0.8917-54. Low 0.8947

  • After today cloud thickens and rises. Potential for growing support

  • 55-DMA and 100-DMA 0.8927 and 0.8880 provide additional layers of support

  • Those hedging expected GBP direction might pick bases ahead these MAs

  • Cloud peak rises to 0.8995 by month-end when buying is certain

  • 21-DMA @ 0.9020. 38.2% retrace drop from end-June peak is 0.9035

  • Rangebound EUR/USD adds to cause to eye a EUR/GBP rebound nL8N2EH0Y8



EUR/GBP Click here

EUR/GBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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