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Jul 21 - 05:55 AM

EUR/GBP - Constructive Dailies But Resistance Close By

By Peter Stoneham  —  Jul 21 - 04:40 AM
  • Cross carving out a bull trend and eyes the daily cloud top, 0.8581

  • We have an offer just ahead and once met we target the 0.8486 cloud base

  • Counter trend strategy looking for the cloud top to reject the first test

  • Daily RSI is now rising and negative momentum readings beginning to fade

  • Converged 21 and 30DMAs just stalling the rise, 30DMA at 0.8553

  • Risk building for further gains but cloud breach to see the bull run extend

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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