Welcome Guest:
Sign Up
Derived real-time data in partnership with:
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

EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!