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Jul 09 - 08:36 AM
EUR/GBP - Bear Signal Negated As Cross Looks To Weekly Record
First appeared on eFXplus on Jul 09 - 06:40 AM
  • The all clear sounded as potential rounding top is negated
  • Potential for 10th straight bull week, a first since EUR came into being
  • Price rebound out of 0.8957 records new trend high at 0.8995
  • Monday Doji called time on a modest adjustment from July 3 high
  • Close above 0.8992 brings 2019 0.9102 high into play
  • Still a buy on dips but we might have to revise our bid
  • Longer-term bull targets 0.9307-0.9403, highs from 2017-2016 respectively

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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