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Jul 20 - 07:55 AM

GBP/USD - Euro Needs To Cement Its Breakout Vs Sterling

By Peter Stoneham  —  Jul 20 - 05:42 AM
  • Monday's topside cloud break significant but follow through disappointing

  • Tempted to enter a short at mkt but prefer to maintain an offer by 0.8670

  • A new breakout high Tuesday of 0.8640 encouraging for bulls

  • Below market cloud twist, 0.8603-09, value Wed could be dragging on price

  • Cls abv upper 30DMA Bollinger, 0.8634, sets up a test of 0.8670 May 25 high

  • Daily cloud base, 0.8596, now pivotal support and potential sell trigger

    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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