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Apr 26 - 02:55 AM

EUR/GBP - Late Thursday Rebound A Concern For EUR/GBP Bears

By Peter Stoneham  —  Apr 26 - 01:50 AM
  • EUR/GBP pierced the 10 and 100-DMAs Thurs then struck a four-session low

  • Slide stalled near the daily cloud top and a bounce ensued

  • A long legged doji-hammer formed, a concern for our short

  • A close below those daily MAs needed to bolster the trade

  • Cloud top and 50-DMA are at 0.8558

  • Daily momentum has just nudged to negative and RSI falling

  • Short is risk free: drop under 0.8565, Thurs low, sees stop lowered

    For more click n FXBUZ

Refinitiv IFR Research/Market Commentary


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