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Jan 05 - 04:55 AM

EUR/GBP - Increasing Risk Of A Bull Trend Resumption

By Peter Stoneham  —  Jan 05 - 03:05 AM
  • Three-day bear run held at 0.8784-86 and price rebounds early Thurs

  • Bearish pointers remain, 10DMA stalling gains: Jan 27 0.8689-94 cloud twist

  • Bullish 14-day momentum and RSI readings have picked up

  • A close above the 10-day moving average, 0.8824, will shake the bear market

  • Underlying bull trend resumes above Dec. 30 0.8877 high

  • We are side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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