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May 10 - 07:55 AM

EUR/GBP - Bearish Pointers Could Drag On EUR/GBP Next Week

By Peter Stoneham  —  May 10 - 05:35 AM
  • EUR/GBP bull run stalled Thursday at 0.8620: pullback to 0.8611 by the cls

  • The 76.4% Fibonacci level can attract profit taking

  • Fibo was at 0.8617 with 0.8643 the full retracement level

  • Price closed above the 200DMA Thurs, 0.8605: average is quite flat

  • Fourteen day momentum has flipped to negative and RSI pointing down

  • Bearish pointers emerging but stronger signals needed

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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