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Thomson Reuters
Apr 12 - 08:36 AM
EUR/GBP - Sucked Into The EUR Rally And Through Major Levels
First appeared on eFXplus on Apr 12 - 06:25 AM
  • Resumption of the bull run from the Apr 3 0.8503 hammer candle
  • Price taken above the daily cloud base, 0.8639, and 55DMA at 0.8643
  • Daily Bollinger's are widening, hinting at a breakout
  • A close above the 0.8651 Apr 9 high negates the range
  • Close inside the cloud set up further gains next week
  • Weeklies are constructive but stuck at levels around the 0.8635 10DMA

EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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