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Aug 24 - 08:55 AM

EUR/GBP - Bulls Remain Fixated On The 30-DMA Above

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

Refinitiv IFR Research/Market Commentary


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