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Mar 17 - 08:55 AM

GBP/USD - Euro Gripped By Massive Indecision And Sterling Threat

By Peter Stoneham  —  Mar 17 - 06:36 AM
  • Massive market indecision marked by long upper and lower candle shadows

  • Bounce off the 0.8540 level gives a potential double day low

  • Tues 0.8640 high main hurdle with pivotal Feb 26 0.8730 high behind

  • 14-day momentum increasingly bearish and suggests current gains lack pep

  • Market is 0.8540-0.8640 with little upside or downside advantage showing

  • Weeklies still heavily bearish but watch for a potential doji on the week

EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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