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Mar 23 - 04:55 AM

EUR/GBP - Increasing Risk Of A Squeeze After Dip Below 0.8300

By Peter Stoneham  —  Mar 23 - 03:20 AM
  • Sharp three-day decline from 0.8436 culminating in a dip under 0.8300

  • Our 0.8427 short play is profit locked to 0.8335 and we target 0.8285

  • 14-day bull momentum has faded but remains positive and RSI diverging

  • Corrective risk increasing and could see a squeeze to the 0.8320s

  • Session low at 0.8298 the initial support level

    For more click on FXBUZ
















EUR/GBP Trader:

EU%R/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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