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Refinitiv
Nov 04 - 06:12 AM
EUR/GBP - Bears Should Look To Weekly Action For Guidance
First appeared on eFXplus on Nov 04 - 04:10 AM
  • Daily action giving little in the way of direction clues

  • Price continues to pan out sideways between 0.8577 and 0.8676

  • Weeklies more interesting: bear continuation pattern below 0.8660 200WMA

  • Flag pattern has a 0.8591 breakout point this week

  • Weekly cloud twist at 0.8775-79 Mar 2020 distant but could slow the fall

  • We await a stronger signal








EUR/GBP Trader:

EUR/GBP Daily Candle Chart: Click here

EUR/GBP Weekly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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