Derived Data That Drive Results
By Justin Mcqueen — Apr 06 - 09:40 AM
Pre-NFP and holiday USD short covering pressures sterling
EUR/GBP edges back towards key resistance at the 100DMA (0.8782)
100DMA provided firm support on the downside, now a cap on the upside
Support: 2023 low (0.8719) and 200DMA (0.8697)
Range-trading in EUR/GBP likely to persist amid calmer conditions
GBP/USD drops towards 1.24 before Fed hawk Bullard talks nL1N369130
Source:
Refinitiv IFR Research/Market Commentary
