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Nov 10 - 03:55 AM

EUR/GBP - Conflicting Signals Clouding Direction

By Peter Stoneham  —  Nov 10 - 02:10 AM
  • Monday's bearish engulfing line was not confirmed

  • Tues hammer candle could put bulls back on line

  • Tues range provides levels at 0.8521 and 0.8560

  • We still lean bearish while below the daily cloud, 0.8554-0.8576

  • Big Fibo level at 0.8499 the downside trigger, 50% 0.8403-0.8595

  • Nov 5 high at 0.8595 the key resistance point

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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