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Apr 29 - 05:55 AM

EUR/GBP - Conflicting Signals Clouding Direction

By Peter Stoneham  —  Apr 29 - 04:53 AM
  • Our long play being teased by long daily lower candle shadows

  • Long at 0.8714 for 0.5840 with a 0.8665 stop

  • The shadows suggesting good dip buying activity and demand

  • However, price contained ahead of 0.87+ resistance points

  • March 4 0.8717 high a major level and potential bull trigger

  • A potential bullish continuation pattern beginning to loose shape

  • Risk the falling daily cloud could push price back to 0.8589 range base

    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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