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Jun 08 - 11:55 AM

EUR/GBP - Concerted Cloud Breach Puts Recent Bear Run At Risk

By Peter Stoneham  —  Jun 08 - 09:42 AM
  • More of a concerted break into the daily cloud; base was at 0.8583

  • Friday hammer looks to be playing out now but momentum still negative

  • Cloud top a natural bull target at 0.8637 then 30DMA upper Bolli at 0.8698

  • To the downside look for support at the cloud base, Jun 4 hammer low 0.8565

  • Messy bear bias from 0.8670 May 25 high being negated by latest gains

  • Weekly action trying to buck a six-week bear run

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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