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Thomson Reuters
Jan 29 - 07:24 AM
EUR/GBP - Reversal Holding But Bulls Have Work To Do
First appeared on eFXplus on Jan 29 - 05:25 AM
  • Trend reversal still in the making with a high of 0.8711
  • Modest gain from Frid's doji star and Monday's bullish confirmation close
  • A gap to next resistance point, 0.8732 23.6% Fibo, and then 10DMA at 0.8742
  • Long trade is in play and will raise stop on a push above 0.8730
  • Target remains 0.8850, just ahead of the 0.8861 Jan 21 high and 200DMA
  • Consolidation above 0.8650 30DMA Bolli envelope, then higher

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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