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Feb 13 - 03:55 AM

EUR/GBP - Cloud Top Support Could Be Pivotal For EUR/GBP

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

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