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Sep 04 - 08:36 AM
EUR/GBP - Close Inside Daily Cloud To Trigger Deeper Fall
First appeared on eFXplus on Sep 04 - 06:20 AM
  • Warning to bulls given late Tues and early Wed sees fresh losses
  • Price dips inside the daily ichimoku cloud, top at 0.9040
  • We maintain a short from 0.9100 and have ridden out Tues rally to 0.9147
  • Back on side and looking to lower stop should price close inside the cloud
  • Momentum remains negative but neutral stochs struggle to confirm direction
  • Weekly inverted hammer candle and potential for close under 10WMA, 0.9060

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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