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May 14 - 06:55 AM

EUR/GBP - Bulls Might Just Win The Battle Of Wills

By Peter Stoneham  —  May 14 - 04:39 AM
  • Bulls winning the indecision battle: Wed's hammer candle points to reversal

  • Early Frid gains so far negating Thurs long upper candle shadow

  • Signals still conflicting and we favour waiting for next technical impulse

  • Short-to-medium-term MAs are bearishly aligned

  • May 31 above market cloud twist argues the bull case

  • Momentum remains negative but RSI rising

  • Series of long lower weekly shadows also fighting the long corner

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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