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Thomson Reuters
May 16 - 08:36 AM
EUR/GBP - Bulls Look To Key 50% Fibo Level But Price Stretched
First appeared on eFXplus on May 16 - 05:50 AM
  • Acceleration through 100DMA and 30DMA upper Bolli Wed stretching price
  • Significant tech breaks but daily RSI diverges bearishly from o/b levels
  • Potential to 0.8779 50% Fibo 0.9102-0.8456: but risk to 0.8693 before higher
  • Daily cloud top 0.8656 now pivotal to up-trend: Our bid placed just ahead
  • Weeklies bullish but close to a wall of resistance
  • Tentative sell at mkt, 0.8734, for game changer cloud top: We prefer a bid

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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