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Thomson Reuters
May 04 - 06:12 AM
EUR/GBP - Bulls Stage Convincing Cloud Break
First appeared on eFXplus on May 04 - 03:50 AM
  • Bull signal Thurs with a convincing close above the daily cloud
  • Cloud top at 0.8817 now support with the 100DMA close behind at 0.8809
  • Early Friday action hinting at market indecision
  • Could lead into a bout of gain consolidation before higher
  • Market continues to probe the weekly cloud, 0.8806, and 10-21DMAs at 0.8819
  • Long side favoured while above 0.8792 April 20 high

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