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Aug 10 - 04:55 AM

GBP/USD - Euro Finds A Foot Hold Vs Fragile Sterling; 0.8510 Key

By Peter Stoneham  —  Aug 10 - 02:39 AM
  • Monday's doji star warned of a possible adjustment higher

  • Early Tues gains adding to the rebound risk

  • 14-day momentum fading and RSI turning higher

  • We remain short from 0.8485 with a stop at 0.8560 for 0.8530

  • A minimum correction off the 0.8669-0.8461 drop is at 0.8510

  • 10DMA also at 0.8510 and a break above a concern for our position

    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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