Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 24 - 06:55 AM

GBP/USD - EUR Fighting Hard At The 100DMA Versus Sterling

By Peter Stoneham  —  Nov 24 - 04:40 AM
  • Bearish engulfing line within the meat of the trend

  • Still highlights downside risk

  • A spike below the 100DMA Wed and price opens above the line today

  • Bearish momentum flipped to negative Wed and has extended the drop

  • Main bearish targets are at 0.8573, Oct. 28 low and 0.8532 200DMA

  • Upside squeeze likely above Wed's 0.8701 high

  • We are side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!