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Oct 24 - 07:55 AM

EUR/GBP - Corrective Gains Limited By The Underlying Trend

By Peter Stoneham  —  Oct 24 - 05:40 AM
  • Pull of the underlying bear trend limiting any corrective action

  • Daily momentum and RSI readings not confirming recent gains

  • Early Thurs failure at 0.8352 puts bears back in control

  • Still a chance the EUR pans out sideways before dropping again

  • A daily trend resistance line, today at 0.8360, stands over the cross

  • October 18 0.829 low the key support point

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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