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Thomson Reuters
May 29 - 08:36 AM
EUR/GBP's Bias Bullish As 10 And 30-DMAs Positively Aligned
First appeared on eFXplus on May 29 - 07:10 AM
  • EUR/GBP relapsed from Friday's 0.8850 high, but found decent support
  • Support was found well ahead of the key 0.8757 Fibonacci level
  • 0.8757 Fibo is a 23.6% retrace of the 0.8456 to 0.8850 May rise
  • Our bid has been raised to 0.8780 ahead of Monday's 0.8775 low
  • Also the 10 and 30-DMAs are positively aligned = bullish outlook
  • Close sub 0.8757 would defer. EUR/USD , GBP/USD

EUR/GBP Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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