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Apr 15 - 03:55 AM

GBP/USD - Euro Fight Back Underway Versus Sterling: Low In Place

By Peter Stoneham  —  Apr 15 - 02:05 AM
  • EUR/GBP pierced the daily cloud base Friday then struck a 1-month low

  • The pair then turned positive leaving an 0.8529 low in place

  • Daily RSI diverged and a daily bull hammer candle formed

  • concerns for our short: however, price remains below the 100-DMA

  • Monthly RSI is falling and daily momentum negative

  • Those give some comfort for the short

  • The target remains 0.8510 and 0.8605 the stop

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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