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Refinitiv
Nov 15 - 02:55 AM

GBP/USD - Euro Fight Back From The 200DMA Versus Sterling

By Peter Stoneham  —  Nov 15 - 02:15 AM
  • Back to back bear closes but unable to drop under the 200DMA Tues

  • Our 0.8739 short still in play but at risk to the Tues Doji

  • Long lower candle shadow is a concern

  • Tues 0.8730 high initial key resistance, our stop just above

  • Tues low 0.8790, 200DMA at 0.8686 and a 76.4% Fibo at 0.8675 the supports

  • Fourteen day momentum has flipped to positive, adding to upside risk

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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