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Oct 25 - 06:55 AM

EUR/GBP's Failure Under 200-DMA Is A Very Bullish Sign

By Martin Miller  —  Oct 25 - 04:50 AM
  • EUR/GBP on Tuesday slipped under the 200-DMA, currently at 0.8695

  • But it failed to register a daily close below the 200-DMA at Tuesday's close

  • That failure keeps the overall bias on the upside

  • The scope grows for an eventual break above October 20 0.8740 high

  • 14-day momentum is marginally positive, that reinforces the upside potential

  • A daily close under the 200-DMA is needed to defer

  • EUR/GBP Trading Page TGM2343. Previous update nL1N3BU0P5

Refinitiv IFR Research/Market Commentary


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