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Oct 26 - 06:55 AM

EUR/GBP's Failure Under The 200-DMA, This Week, Is Bullish

By Martin Miller  —  Oct 26 - 05:00 AM
  • EUR/GBP fell under the 200-DMA, now at 0.8695, but failed to close below

  • That failure increases the odds of a eventual break above Oct 20 0.8740 high

  • 14-day momentum is marginally positive, that reinforces the upside potential

  • Only a close under the 200-DMA will shift the bias back to the downside

  • We are looking to get long at the 0.8690 level

  • EUR/GBP Trading Page TGM2343. Previous update nL1N3BV0PA

Refinitiv IFR Research/Market Commentary


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