By Peter Stoneham — Apr 26 - 01:50 AM
EUR/GBP pierced the 10 and 100-DMAs Thurs then struck a four-session low
Slide stalled near the daily cloud top and a bounce ensued
A long legged doji-hammer formed, a concern for our short
A close below those daily MAs needed to bolster the trade
Cloud top and 50-DMA are at 0.8558
Daily momentum has just nudged to negative and RSI falling
Short is risk free: drop under 0.8565, Thurs low, sees stop lowered
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Source:
Refinitiv IFR Research/Market Commentary