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Aug 20 - 06:55 AM

GBP/USD - Euro Looking Tired But Sterling Still Lagging

By Peter Stoneham  —  Aug 20 - 05:05 AM
  • Strong bull week but euro beginning to look tired

  • Increased risk of a pullback and there is potential to trade the correction

  • However, technicals are mixed and there is a cloud twist in play

  • Twist at 0.8586-87, ties in with a 61.8% Fibo

  • The Retrace level taken off the 0.8669 to 0.8450 drop

  • The fall off point for the Fibo, 0.8669, a viable bull target

  • Set for strongest week since April

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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