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
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EUR/GBP Trader:
EUR/GBP daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary