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Thomson Reuters
Mar 15 - 08:36 AM
EUR/GBP - Significant Bear Signal Risk On Weekly Close
First appeared on eFXplus on Mar 15 - 06:15 AM
  • Steadier price action and techs are a little more balanced
  • Still with a slight bearish advantage while below the 10DMA, 0.8572
  • 14-day bear momentum fading slightly and RSI levels off at neutral levels
  • Longer term trend down and we await better entry levels and stronger signals
  • Weeklies set to reinforce bear trend with bearish engulfing line - key week
  • continue to target the 200WMA, currently 0.8385

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

EUR/GBP Weekly Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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