Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Jun 06 - 03:55 AM

GBP/USD - Euro Looking For A Breakout Versus Sterling

By Peter Stoneham  —  Jun 06 - 02:15 AM
  • EUR/GBP is holding near the middle of its recent 0.8484-0.8541 range

  • Early Thurs gains from 0.8499, matching the Wed low

  • Long upper and lower daily candle shadows clouding direction

  • Fourteen day momentum remains negative but RSI is rising

  • Sideways action since May 22 has stalled the bear trend

  • A more balanced market but with some downside risk

  • We will wait for fresh signals before taking on a trade

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved