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Aug 04 - 06:55 AM

EUR/GBP - Chart Is Becoming Increasingly Negative

By Martin Miller  —  Aug 04 - 05:53 AM
  • Mon failed ahead of 30-DMA, now at 0.8562, increasing the downside risk

  • Fourteen-day momentum turned negative Tues, after turning positive on Mon

  • The scope is growing for further losses to test 30-day lower BB at 0.8495

  • EUR/USD failures nL1N2PB0CM and GBP/USD chart nL1N2PB0HC

  • Pound set to rise in August, breaking its usual pattern nL1N2PA0LC

  • EUR/GBP Trading Page TGM2343 Previous nL1N2PA0OO

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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