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Mar 31 - 06:55 AM

EUR/GBP - Bullish Weeklies Cutting Through The Noise

By Peter Stoneham  —  Mar 31 - 04:40 AM
  • We take our lead from the weeklies, which are set for a strong bull close

  • Still need to see a close above the 50-week moving average, 0.8500

  • Weekly momentum also set to flip to positive

  • Daily action forming a long upper candle shadow: bearish leaning

  • Pullback risk despite breach of 200DMA at 0.8471

  • Buying a dip to the average a strategy but we prefer to wait for now

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP weekly candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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