By Peter Stoneham — Apr 15 - 02:05 AM
EUR/GBP pierced the daily cloud base Friday then struck a 1-month low
The pair then turned positive leaving an 0.8529 low in place
Daily RSI diverged and a daily bull hammer candle formed
concerns for our short: however, price remains below the 100-DMA
Monthly RSI is falling and daily momentum negative
Those give some comfort for the short
The target remains 0.8510 and 0.8605 the stop
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Source:
Refinitiv IFR Research/Market Commentary