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Jun 30 - 08:55 AM

EUR/GBP - Resistance Levels Proving Tough To Crack

By Peter Stoneham  —  Jun 30 - 07:10 AM
  • Price again capped by daily trend resistance, 0.8608

  • The line taken off the April 0.8715 high rejected price Tuesday too

  • Not a strong pullback but bulls are struggling to better the daily cloud

  • Ichimoku cloud parameters are 0.8596 and 0.8634

  • Momentum remains negative and RSI neutral to lower

  • Market leans bearish but remain side lined for now: await stronger signals

















EUR/GBP Trader:

EUR/GBP daily ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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