By Peter Stoneham — Apr 07 - 04:48 AM
Pullback from 0.8624 Wed high leaves a potential long upper candle shadow
We have decided to book profits on our 0.8500 long play
Will monitor retrace at 0.8548, 50% Fibo of this week's 0.8472-0.8624 rise
The 0.8645 Mar 24 peak remains pivotal topside
Monday 0.8472 low the key support: bear trend resumes below
We are flat awaiting next signal
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EUR/GBP Trader:
EUR/GBP daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary