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Mar 17 - 08:55 AM

GBP/USD - Euro Set For A Big Down Week Versus Sterling

By Peter Stoneham  —  Mar 17 - 07:15 AM
  • EUR/GBP rallied towards the 10-Thurs but then all gains were erased

  • The pair then fell below the 100-DMA and daily cloud base

  • Daily-mthly RSIs are falling and a long upper wick in place on Mar. candle

  • Long upper and lower candle shadows are clouding near-term direction

  • We lean bearish but support near 0.8700 and the 200-DMA are close by

  • We prefer to stand aside for now

    for more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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