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Sep 12 - 07:24 AM
EUR/GBP - Teasing Bulls With A Double Bottom But Weeklies Key
First appeared on eFXplus on Sep 12 - 05:25 AM
  • Tighter ranges reducing signal significance but a hammer (bullish) Wed
  • Needs bull confirmation today to complete signal
  • Slow stochs are on the rise but bear momentum holding
  • Potential double day low at 0.8905-06 and 100DMA causing problems for bears
  • Tempted a long with stop under 0.8900 for 0.9040 but await better signals
  • Keep an eye on heavily bearish weeklies, early 2020 0.8775-79 cloud twist

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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