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May 14 - 05:00 AM

EUR/GBP - Range Break Risks Failing Ahead Of Cloud

By Peter Stoneham  —  May 13 - 04:55 AM
  • Attempted upside range break Tues failed to better the 0.8860 Apr 21 high

  • Softer bias from 0.8855 early Wed top but action holding tight

  • Close proximity of the daily cloud could be exerting downside pressure

  • Cloud parameters are 0.8891 and 0.8982

  • 30DMA upper Bolli also frustrating bulls, line at 0.8845

  • Still looking up but we stand aside 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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