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Nov 25 - 07:24 AM
EUR/GBP - Critical Area For Bulls Seen At 0.8600-10
First appeared on eFXplus on Nov 25 - 04:05 AM
  • Reasonable break from a wkly bear flag and alive despite last wk's rebound

  • Pattern would be negated by a close above 0.8608 this week

  • Our 0.8545 long play run to its 0.8560 trailing stop as rally evaporates

  • Risk the cross now plays out a 0.8522-0.8604 range this week

  • 0.8600-10 area seen pivotal for bulls













EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

EUR/GBP Weekly Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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