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Aug 31 - 07:55 AM

EUR/GBP - Chart Is Looking Increasingly Positive

By Martin Miller  —  Aug 31 - 05:40 AM
  • EUR/GBP bias remains on the upside, the overall scope is for gains

  • Expect to test the 30-day upper bollinger-band at 0.8606

  • Fourteen-day momentum remains positive, reinforcing the overall upside bias

  • 10 and 30-day moving averages are increasingly positive aligned

  • Interim support comes in at Friday's 0.8560 low

  • EUR/USD nL1N2Q20C0. GBP/USD nL1N2Q20HG. EUR/GBP Trading Page TGM2343

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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