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Aug 10 - 08:55 AM

EUR/GBP - Creeps Higher As Pull Of Cloud Twist Grows

By Jeremy Boulton  —  Aug 10 - 07:50 AM
  • EUR/GBP rises to 0.8469 challenging 100-DMA at 0.8470

  • EUR/GBP likely to gravitate towards Aug 17 cloud twist at 0.8547-51

  • Pair approaching the objective for minimum tech correction June-Aug drop

  • 38.2% 0.8721-0.83405 decline is 0.8486, 50/61.8% are 0.8531/0.8576

  • Given influence of twists worth note monthly cloud twists 0.8875 in Dec




Source:
Refinitiv IFR Research/Market Commentary

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