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May 27 - 07:55 AM

EUR/GBP - Fault Lines Appearing In The EUR/GBP Reversal

By Peter Stoneham  —  May 27 - 06:00 AM
  • Our EUR/GBP long remains in play but upside progress is proving elusive

  • The pair struck a two-session high Friday but gains were eroded

  • A daily inverted hammer candle formed which is a concern

  • Falling monthly RSI and May's inverted candle also concern us

  • Thursday bullish harami struggling to gain confirmation

  • We have a tight stop is in place and the target is at 0.8580

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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