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Thomson Reuters
Dec 07 - 07:24 AM
EUR/GBP - Green Light For Bulls As Cloud Loses Its Grip
First appeared on eFXplus on Dec 07 - 05:10 AM
  • Concerted lift from 0.89005 and again price clear above daily cloud, 0.8910
  • However, the pattern of cloud breaks turning into false breaks continues
  • However, bullish opportunity next week as cloud falls away from the market
  • Feel the cross goes higher but for now the cloud is proving a tough hurdle
  • Wkly cloud top holds the key at 0.8964: more inclined to go long above here
  • Initial tgt 0.9022 30WMA upper Bolli: 0.9098 2018 high the ultimate obj

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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