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Thomson Reuters
May 23 - 06:12 AM
EUR/GBP - Extreme Trend Readings But No Bearish Divergence Yet
First appeared on eFXplus on May 23 - 03:15 AM
  • Gain consolidation above the 200DMA line, 0.8793, but trend looks top heavy
  • Extreme readings on daily momentum and RSI call for a decent pullback
  • Widening daily Bolli lines suggest increased volatility and confirm trend
  • Bollinger volatility call could also point to direction change
  • Weeklies threat thin cloud and 100DMA, 0.8837-55 and 0.8836 respectively
  • We have a bid by 0.8725 and trend only at risk below 0.8700, 10WMA

EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

EUR/GBP Weekly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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