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Aug 04 - 06:55 AM

GBP/USD - Euro Anchored By Its Daily Cloud Base Versus Sterling

By Peter Stoneham  —  Aug 04 - 04:45 AM
  • EUR/GBP rallied to a 8-session high Thurs then pulled sharply lower

  • A daily inverted hammer candle formed

  • Daily-monthly RSIs are rising but EUR/GBP remains below the 100-DMA, 0.8678

  • The daily Ichimoku cloud top stands over the market at 0.8697

  • EUR is also struggling to pull away from the falling 10-DMA, 0.8591

  • Weekly action continues to give little away: sideways bias holding

  • Signals are not clear so we will stand aside for now

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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