Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 17 - 08:55 AM

EUR/GBP - Cloud Break Could Open Up A Key Fibo Level

By Peter Stoneham  —  Mar 17 - 07:15 AM
  • Cross breaks below its daily Ichimoku cloud base at 0.8380

  • We lower our buy stop to 0.8423 entry but maintain a 0.8335 target

  • 14-day momentum has flipped to negative and RSI confirming price drop

  • Support at 0.8361-58, Mar 11 low and 38.2% Fibo

  • Our target sits just ahead of a 50% Fibo at 0.8329, off 0.8404-0.8453

  • Weekly chart showing long upper shadow: potential shooting star (bearish)

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!