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Jun 23 - 02:55 AM

EUR/GBP - Divergence On A New High A Concern For Longs

By Peter Stoneham  —  Jun 23 - 02:15 AM
  • Daily momentum diverging on a new high a concern for our long

  • Long from 0.8585 with an 0.8525 stop and 0.8710 target

  • Initial resistance at 0.8641, 61.8% Fibo off 0.8721-0.8511

  • underlying trend is bullish and defined by trend support at 0.8541

  • The trend support line taken off the 0.8250 Apr 14 low

  • A break above 0.8641 sees our stop raised

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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