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Nov 16 - 03:55 AM

EUR/GBP - Looking For The Breakout To Give Direction

By Peter Stoneham  —  Nov 16 - 02:15 AM
  • Range trading between two Fibo retrace levels, 0.8670 and 0.8835

  • Daily cloud top resistance is at 0.8843 and backs up the topside Fibo

  • Daily momentum readings are bullish and faster MAs are bullishly aligned

  • A Nov. 21 0.8821-25 cloud twist adds to the bullish tilt

  • Bull bias damaged below 0.8693 range base and negated below 0.8670 Fibo

  • We lean bullish but will stand aside for now

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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