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Thomson Reuters
Jan 30 - 03:48 AM
EUR/GBP - New Reversal High And Close Above 10DMA
First appeared on eFXplus on Jan 30 - 02:25 AM
  • Reversal high of 0.8756 and we have raised our long stop to 0.8666 entry
  • Speed and magnitude of recent bear run still reflected in negative momentum
  • Stochs are confirming the turn however
  • Tues close abv 10DMA bullish, close abv today needed to keep reversal alive
  • Daily cloud twist out to Feb 27 at 0.8890 fighting the bull's corner
  • We continue to target 0.8850 and will raise stop again on a close abv 10DMA

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