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Oct 26 - 06:55 AM

EUR/GBP - Dips To New 2021 Lows, Chart Momentum Remains Negative

By Martin Miller  —  Oct 26 - 04:50 AM
  • EUR/GBP is under pressure, as the market dips to new 2021 lows

  • Fourteen-day momentum remains negative, highlighting EUR/GBP's fragility

  • Bulls need a break and daily close above Friday's 0.8469 high

  • We are long at 0.8425 and hope recent 0.8469 peak can been taken out soon

  • Our stop is under the 30-day lower bollinger-band, now at 0.8396

  • EUR/GBP Trading Page TGM2343

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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