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May 17 - 05:55 AM

EUR/GBP - FX Traders Steering Cross Towards May 31 Twist

By Peter Stoneham  —  May 17 - 04:23 AM
  • Cross climbing with its daily cloud after May 12 hammer candle (bullish)

  • Ichimoku cloud parameters currently 0.8586-0.8671, seen as key levels

  • 50% Fibo off 0.8719-0.8562 Apr 24-May 12 drop is at 0.8641

  • 10DMA just ahead at 0.8625 and 21DMA, 0.8651 above

  • 14-day momentum remains negative and RSI neutral

  • Bulls look to May 31 above market cloud twist at 0.8625-0.8631

  • Charts point higher but price lacks momentum

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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