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Feb 01 - 08:55 AM

EUR/GBP - Monday Slump Eyes Key Trend Support

By Peter Stoneham  —  Feb 01 - 07:09 AM
  • Slide extends to a new 0.8805 trend low and eyes daily trend supp

  • Support line taken off the Dec 10 0.9000 low comes in at 0.8791 today

  • 14-day negative momentum not yet confirming latest move

  • RSI making a move on the 30.00 line, the two combined hint at o/s condition

  • We have an offer at 0.8860, trading into any corrective rebound

  • Weekly already looking ugly as price drops below 100-200WMAs at 0.8841

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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