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
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Source:
Refinitiv IFR Research/Market Commentary