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Nov 17 - 05:55 AM

EUR/GBP - New 2021 Low But Reversal Risk Building

By Peter Stoneham  —  Nov 17 - 04:04 AM
  • Four day slide leads to a new 2021 low at 0.8390: rebound set in from there

  • Corrective risk seen high but won't stand in front of this train just yet

  • Early Wed action showing potential for a hammer candle (bullish)

  • Trend targets are at Feb 2020 lows, 0.8360 and 0.8339

  • Major drop off point at 0.8278, Dec 2019 low

  • Close above 0.8427 Tues low could trigger a Thurs squeeze

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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