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Nov 18 - 11:55 AM

EUR/GBP - Bull Run Extends But Price Nearing Key Resistance

By Peter Stoneham  —  Nov 18 - 09:35 AM
  • EUR/GBP hits a high of 0.8373, just shy of our long target

  • We have closed out the 0.8297 trade at 0.8370

  • Daily studies suggest EUR can go higher but cloud resistance is close by

  • Daily Ichimoku cloud base is at 0.8382 and the cloud is thick and falling

  • We will monitor any pullbacks or cloud rejection

  • Possibly look to buy into a dip to 0.8328, 10DMA

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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