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Nov 25 - 07:55 AM

EUR/GBP - Reversal Conditions Improving; Short In Trouble

By Peter Stoneham  —  Nov 25 - 05:37 AM
  • Our short still clinging to hopes of a bearish continuation

  • Tues spike to 0.8432 put pressure on the bear pattern

  • Risks are also beginning to looked skewed to the topside

  • Long lower candle shadow Wed and early Thurs gains to 0.8422

  • Fibo retrace, 38.2% of 0.8595-0.8380, is at 0.8462 and our stop above

  • Weeklies still fighting the bears' corner but bias is fading

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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