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Feb 28 - 08:36 AM
EUR/GBP - 30DMA Bolli Envelope Calling As Adjustment Builds
First appeared on eFXplus on Feb 28 - 05:35 AM
  • Potentially the beginning of an adj after a 3.5% decline since Feb 14
  • Not quite a bullish harami candle but still potential for a bull signal
  • Daily RSI turning higher from o/s and daily negative momentum slowing
  • Look for a minimum correction back inside the 30DMA Bolli envelope
  • The lower Bolli line currently at 0.8582: previous range base at 0.8663
  • We maintain an offer at 0.8710 but may have to lower again

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