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Mar 01 - 06:55 AM

EUR/GBP - Conflicting Signals As EUR/GBP Pans Out Sideways

By Peter Stoneham  —  Mar 01 - 05:30 AM
  • Falling daily tops but EUR/GBP still constructive

  • Recent highs and a 38.2% Fibo the bull targets

  • The high points providing an 0.8566 to 0.8578 resistance band

  • Daily momentum still with the EUR but RSI flat lining

  • Weekly action sideways just below a 0.8580 38.2% Fibo, off 0.8713-0.8498

  • Fourteen week momentum is negative

  • Cross leans bullish short-term but stronger signals needed

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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