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May 17 - 05:55 AM

EUR/GBP - Big Fibo And 200DMA Removed In Early Slide

By Peter Stoneham  —  May 17 - 04:00 AM
  • Slide through key levels at 0.8446-0.8434, 200DMA-50% Fibo respectively

  • We have lowered our short stop to 0.8480, locking in points

  • Our target is 0.8365 but will monitor price at 0.8391, next Fibo

  • Retrace levels are taken off the 0.8250-0.8618 gain

  • 14-day momentum poised to flip negative having been bullish since Apr 22

  • Daily RSI now pulling sharply away from the over bought 70 line

    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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