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Aug 18 - 08:55 AM

EUR/GBP - Chart Shows A Market Set For Another Leg Lower

By Martin Miller  —  Aug 18 - 07:10 AM
  • EUR/GBP bias on downside after recent close under the 30-DMA, now at 0.8592

  • 14-day momentum is now negative, reinforcing the bearish market structure

  • Expectations for a bigger drop under 30-day lwr bolli-band, now at 0.8516

  • Matching 0.8557 Thursday and Friday highs limit the upside

  • EUR/GBP Trading Page TGM2343. Previous update nL1N39Y0KP

Source:
Refinitiv IFR Research/Market Commentary

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