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Feb 16 - 05:55 AM

EUR/GBP - REFILE-BUZZ-EUR/GBP Breaks The Back Of February's Bear Run

By Peter Stoneham  —  Feb 16 - 04:00 AM

Changes to headline

  • Wed rally broke the back of a the Feb. bear run but now looks stretched

  • Corrective pullback risk and we are positioned to exploit a correction

  • High risk trade given the short term trend reversal

  • We target 0.8785 with a tight stop set at 0.8925

  • Daily cloud top is at 0.8781 and a minor 61.8% Fibo at 0.8912

  • Potential weekly hammer (bullish) risks negating last week's slide

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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