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Oct 16 - 07:24 AM
EUR/GBP - Looks To The Weekly Action For Direction
First appeared on eFXplus on Oct 16 - 05:25 AM
  • Through the current Brexit headline storm weekly charts lead the way

  • Profit locked to 0.8750 for our 0.8775 short play: still target 0.8620

  • Cross extremely jittery as deal and counter deal Brexit headlines impact

  • Price is holding below the lower 30DMA Bolli

  • Rebound risk increasing as stochs base and bear momentum fades slightly

  • Bears point to wkly cloud breach, 0.8692: 200WMA also close by at 0.8642









EUR/GBP Trader:

EUR/GBP Weekly Ichimoku Chart: Click here

EUR/GBP daily chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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