By Peter Stoneham — May 02 - 04:45 AM
EUR/GBP pierced the thin daily cloud then slid back below it Wed
EUR rallies a second time above the cloud but again fails to hold the break
Long upper candle shadows hint at demand fade
Those are encouraging signs for our 0.8625 short
Our target is 0.8505 with a profit stop at 0.8565
Daily resistance at 0.8561 and support at 0.8547, session low
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary