Derived Data That Drive Results
By Peter Stoneham — Apr 22 - 02:15 AM
EUR/GBP's dip below the 10-DMA ran into a wall of bids Friday
Ensuing rally breached the daily cloud top, 100-DMA and March 26 daily high
Our short's stop was hit at 0.8580
Speed and magnitude of the rally calls for corrective action
Daily RSI has turned over and daily cloud is thinning to a May 2 twist
Signals mixed but we have left an offer by 0.8525, ahead of a 61.8% Fibo
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EUR/GBP Trader:
EUR/GBP daily Ichimoku chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
