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
Source:
Refinitiv IFR Research/Market Commentary