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Refinitiv
Mar 15 - 07:55 AM

EUR/GBP - Range Trade The Only Game In Town

By Peter Stoneham  —  Mar 15 - 05:35 AM
  • Still looking for a EUR/GBP breakout from ranges

  • Scope for trades limited to playing the 0.8498 to 0.8578 range

  • Daily momentum near zero and RSI neutral

  • Weekly chart sideways bias since late Jan

  • Negative weekly momentum fading and RSI rising

  • We lean bearish while falling daily cloud-trend resistance are intact

  • The levels are currently at 0.8557 and 0.8563

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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