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Mar 26 - 06:55 AM

EUR/GBP - Gains Stymied By Cloud Top, Momentum Still Positive

By Martin Miller  —  Mar 26 - 04:40 AM
  • Friday's recovery attempts ran out of steam ahead of the daily cloud top

  • The daily cloud top is flat, remains at 0.8605. Friday's high was 0.8602

  • The subsequent setback could continue to the kijin line, currently at 0.8554

  • Kijun line is the midpoint of the last 26-day trading sessions

  • As 14-day momentum is positive, that is a sign the downside could be limited

  • EUR/GBP Trading Page TGM2343

Source:
Refinitiv IFR Research/Market Commentary

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