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Nov 05 - 06:55 AM

EUR/GBP - Big Levels Marginally Breached, 100% Retrace Risk

By Peter Stoneham  —  Nov 05 - 05:20 AM
  • Cross pushing key resistance levels and we raise our stop again

  • Profit locked on 0.8425 long to 0.8550, looking for 0.8640, might revise

  • Biggest daily points gain since Sept 28 Thurs

  • Momentum and RSI nearing over bought levels but bid is holding

  • Cloud top and 200DMA marginally breached at 0.8586, close above pivotal

  • Last Fibo off 0.8658-0.8403 drop is at 0.8598: 100% retrace risk on a break

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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