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Jun 29 - 06:55 AM

EUR/GBP - Primed For Another Push Higher

By Peter Stoneham  —  Jun 29 - 05:00 AM
  • Bulls are re-grouping and there is scope for better entry levels

  • Cross topped out at 0.8645 Tues, clearing the 0.8641 61.8% Fibo

  • The 76.4% level taken off the 0.8721-0.8511 drop is at 0.8671

  • Bullish momentum is increasing but daily RSI is diverging bearishly

  • We will continue to lean bullish while price is above daily trend support

  • The support line taken off 0.8250 Apr 14 low comes in at 0.8564 today

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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