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Mar 30 - 08:55 AM

EUR/GBP - Chart Signals A Possible Rejection Of The Downside

By Martin Miller  —  Mar 30 - 06:54 AM
  • Long lower shadow formed on Mon is a sign recent losses might have ended

  • But bulls should be mindful of last week's close under 0.8566 Fibo

  • 0.8566 Fibo is a 0.8278 to 0.9500 (2019 to 2020) rise

  • Also 14-week momentum has been negative for 14 weeks in a row

  • We are long at 0.8552. EUR/GBP Trading Page TGM2343

  • Previous update nL1N2LR0NO

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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