By Peter Stoneham — Feb 13 - 02:29 AM
• Early Thursday and a pullback against the recent bull run
• Our 0.8318 long still in play but looking more vulnerable
• A drop back inside the daily cloud could put the trade at risk
• Daily Ichimoku cloud parameters are tight, 0.8325-0.8335
• The Feb. 17 0.8334-35 cloud twist could also drag on the cross
• Fourteen day momentum remains negative but is fading
• Daily RSI is flat lining at neutral levels
• We maintain our long for now
• EUR/GBP Trader EUR/GBP Trader: [page:2343]
EUR/GBP daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters