3cAnalysis - eurgbp (eurgbp) EURGBP - signals point to corrective pullback

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3cAnalysis

Steve Lucas

EURGBP - signals point to corrective pullback

The market was unable to build upon last week's rise. Instead some profit taking developed at marginally lower levels. All trading was confined within Friday's range - an indecisive 'inside' day. But although EURGBP continues to have the background of a positive Keltner channel the net decline, coupled with modestly lower levels in Asia places the technical focus on the downside. In view of this, today's call is a Cautious Sell from 7am but leaving room to also Sell at .8710. The risk is Monday's .8736 open with downside targets of .8663, Friday's open, .8640, Thursday's low, or even towards the 13 day moving average at .8613.â€‹

30/05/2017 2 EN

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3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

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Steve Lucas

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EURGBP - signals point to corrective pullback

EURGBP - signals switching to temporarily bearish

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

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