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Thomson Reuters
May 10 - 06:12 AM
EUR/GBP - Bull Hammer Into Early Thurs Rebound
First appeared on eFXplus on May 10 - 04:30 AM
  • Wed hammer candle and an early Thursday bounce
  • Takes price to our 0.8760 offer with limited follow through so far
  • Target 0.8660 level with a stop set above the daily cloud base, 0.8786
  • Current rebound seen as adjustment but wary of a stronger reversal
  • Hence tight stop above the cloud base
  • Weekly heavily bearish but monthlies are displaying indecision after losses

EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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