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Jul 01 - 03:55 AM

EUR/GBP - Late Thursday Rebound Puts Bull Run Back In Play

By Peter Stoneham  —  Jul 01 - 02:35 AM
  • Big price swings again clouding the short-term picture

  • Our 0.8590 long hit its stop at 0.8555 (0.8552 low)

  • Rebound to 0.8628 early Friday puts bull run back on

  • Breach but failed to close below trend support, 0.8576, keeps line in play

  • Thursday's sizeable hammer candle significant for bulls

  • Market once more looking t the 0.8721 2022 high from June 15

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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