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Jan 04 - 08:55 AM

GBP/USD - Euro Bull Run Damaged; Sterling Looks To Cloud Twist Boost

By Peter Stoneham  —  Jan 04 - 07:15 AM
  • EUR/GBP set for a third consecutive bear close

  • EUR failing ahead of monthly-daily cloud tops

  • Price now clear below the 10-day moving average line, 0.8824

  • Underlying up-trend has been damaged

  • A close below 0.8784, Tues low, could seal the EUR's fate

  • Jan 27 0.8689-94 cloud twist could also start to attract price

  • Next Fibo off the 0.8548-0.8877 climb is at 0.8751

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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