DAILY SPOT EURGBP - higher daily lows keep signals bullish
Trading in EURGBP yesterday was muted. Initial downside failed to retest Tuesday’s lows and a renewal of demand was limited comfortably below the 100 day mvg avg. With all trading confined within the preceding days range an indecisive ‘Inside’ day was formed. But despite that uncertainty, higher lows and a lack of strong selling interest keeps our technical focus on the topside. In view of this, our call for Thursday is a Cautious Buy from the open but leaving room to also Buy any Dip to .8856, the 13 day mvg avg. The risk is .8838, Tuesday’s opening price, with an immediate target of .8900, the 2 week high. A move through that point then exposes sentiment to .8914 or even .8947, Sep 14th Marabuzo line.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.