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
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EUR/GBP Trader:
EU%R/GBP daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary