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Oct 10 - 07:24 AM
EUR/GBP - Bulls Feeding Off A Significant Wed Close
First appeared on eFXplus on Oct 10 - 05:30 AM
  • Wed close above the 100DMA, 0.8980, could be significant

  • We are short from 0.8984 for 0.8850 and stop at 0.9035

  • 55DMA the next level of resistance at 0.9024, then Sept 5 high at 0.9031

  • Stoch look top heavy and momentum failing to confirm latest price lift

  • Bulls on control but could be tiring and pullback risk increasing

  • Weeklies negate a doji star and threaten a close above the 10WMA, 0.9001









EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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