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Aug 31 - 08:55 AM

EUR/GBP Direction In The Balance As EUR/USD And GBP/USD Bullish

By Martin Miller  —  Aug 31 - 06:50 AM
  • EUR/GBP closed under 0.8923 Fibo, 50% of 0.8671-0.9175 (April to June) rise

  • A close under 0.8923 Fibo should keep the overall bias on the downside

  • Friday's 0.8973 high should stem near-term corrective moves

  • 0.8973 high in danger if cross fails to see another close under 0.8923 Fibo

  • EUR/GBP Trading Page TGM2343. EUR/USD month-end close nL1N2FX04J

  • Bullish GBP/USD chart could see overshoot nL1N2FX050

Daily Bollinger Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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