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Apr 20 - 05:55 AM

EUR/GBP - Leaning Bullish But Stronger Signals Needed

By Peter Stoneham  —  Apr 20 - 03:50 AM
  • Positive bias but as with cable's attempt to lift the 10DMA stalls

  • The average is currently at 0.8310 vs 0.8314 Tues high

  • Cloud twist value Thurs, 0.8330-38, could be attracting price

  • Another cloud twist, May 19 twist 0.8358-59, also in play topside

  • 14-day negative momentum has faded and RSI is confirming price gains

  • Risk is skewed topside but we await stronger signals

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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