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Jan 23 - 11:55 AM

EUR/GBP - Bull Pattern Risk Points To The High 0.85S

By Peter Stoneham  —  Jan 23 - 09:45 AM
  • Bounce out of 0.8547 sees us cover our 0.8615 short play at market

  • Weeklies still highlighting downside risk

  • We offer again at 0.8590 for a drop below 0.8500

  • For today, a hammer candle in prospect

  • Bull pattern shows price making a new low then closing near its high/open

  • Momentum readings remain negative

  • Corrective action to 0.8595 the risk

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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