By Martin Miller — Aug 24 - 07:45 AM
EUR/GBP's rebound from Wednesday's new 2023 0.8540 low persists
A break, daily close above 30-DMA, 0.8591, would likely led to big gains
That would unmask the 30-day upper bollinger-band at 0.8670 for retest
However, 14-day momentum is now negative, reinforcing the bearish market
Look to short at 0.8590 just ahead of 30-DMA. EUR/GBP Trading Page TGM2343
EUR/USD bears have run into big trouble at the 200-DMA nL1N3A50FZ
GBP/USD cloud is proving to be 'a mountain to climb' nL1N3A50J8
Source:
Refinitiv IFR Research/Market Commentary