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Aug 08 - 08:55 AM

EUR/GBP - Market Indecision Telegraphed Pullback Risk

By Peter Stoneham  —  Aug 08 - 07:05 AM
  • Three day rally and breach of the 200-day moving average Friday

  • However, Friday's Doji star highlighted market indecision and pullback risk

  • Slightly softer bias early Monday but within a tight 0.8414-33 range

  • We have a bid by 0.8395, to exploit a deeper pullback

  • The 10-day moving average is at 0.8385

  • A key 50% Fibo topside at 0.8463 seen pivotal: off 0.8585-0.8341

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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