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May 09 - 11:55 AM

EUR/GBP - Deeper Pullback Risk As The Cross Stalls

By Peter Stoneham  —  May 09 - 09:35 AM
  • Friday's long upper candle shadow warned of an adjustment

  • From a session high (so far) of 0.8570 to a pullback low of 0.8517

  • Our 0.8590 short play performing and we lower the stop to 0.8605

  • Negative daily momentum has faded and RSI has turned over at o/b levels

  • Close below 0.8500 needed to trigger a deeper correction

    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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