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Mar 16 - 11:55 AM

EUR/GBP - Fibo Rejection Triggers Sizeable Pullback

By Peter Stoneham  —  Mar 16 - 10:00 AM
  • Failure to better the 0.8640 50% Fibo, 0.8730-0.8549, proved significant

  • Sharp pullback to 0.8578 and our profit stop hit on 0.8565 long play

  • The drop has also generated a long candle shadows on daily-weekly charts

  • 0.8540 2021 low now pivotal, could be a tipping point

  • But also potentially a tidy 0.8540-0.8640 range now defined

  • We stand aside for now

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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