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Thomson Reuters
May 15 - 07:24 AM
EUR/GBP - High Risk Of A Pullback Heading Into EU Elections
First appeared on eFXplus on May 15 - 05:45 AM
  • Seven consecutive daily bull closes take price close to the 100DMA, 0.8695
  • The average backed up by the 30DMA upper Bolli at 0.8705
  • Monday cloud breach significant: buying on dips to 0.8656 cloud top likely
  • Underlying trend targets the 200DMA, 0.8795
  • 14-day momentum positive but RSI signals divergence
  • We have a bid by 0.8610 for 0.8725-30 with the stop below the cloud top

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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