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Mar 10 - 05:55 AM

EUR/GBP - Ripe For A Turn Or Maybe A Bull Trap

By Peter Stoneham  —  Mar 10 - 04:26 AM
  • Tues-Wed weakness takes cross within striking distance of 0.8540 2021 low

  • Proximity to the low might encourage bulls to step in

  • We are tempted to but still respect underlying bear trend

  • However, we are now on reversal alert and watch for signals

  • Current Doji candles might be precursors to a trend turn

  • Weeklies bearish, target 0.8528 76.4% Fibo 0.0828-0.9500 climb

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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