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Nov 14 - 05:55 AM

GBP/USD - Euro Struggling To Drive A Reversal Home Versus Sterling

By Peter Stoneham  —  Nov 14 - 03:45 AM
  • Wed drop possibly a partial correction of Tues correction/reversal

  • Cross holding to a trend reversal but lacking momentum

  • We are long from 0.8297 for 0.8375 with a 0.8255 stop

  • Fourteen day momentum is marginally negative and RSI is flat lining at 46

  • On top the 10DMA just capping Wed gains at 0.8345, today at 0.8346

  • Initial bull target 0.8354, 50% Fibo off 0.8446-0.8262

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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