By Peter Stoneham — Oct 22 - 05:25 AM
EUR/GBP beginning to look constructive despite Monday's long upper shadow
Long upper and lower candle shadows hint at market indecision at the lows
Daily momentum readings are neutral and RSI is attempting to climb
With a low in place, 0.8296, there is scope for a long with a tight stop
Will stand aside for now but might view any small pullbacks as opportunities
The underlying bear bias, from the Oct. 3 0.8434 high is damaged but intact
A move above the 10DMA, 0.8348, needed to trigger more of a squeeze
EUR/GBP Trader TGM2343
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Source:
Refinitiv IFR Research/Market Commentary