reports
- 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'...
- Steve Lucas
EURGBP - signals switching to temporarily bearish
​Tuesday's bullish call was confirmed to a degree with EURGBP being bought to the most positive levels traded for 8 weeks. But our first target was missed by 2 pips as profit taking developed at overbought extremes. The result was a minor decline but it is the upside failure that suggest that this counter trend reactive move is incomplete. With this as the backdrop, but with caution due to the proximity of Monday's Marabuzo line, this morning's call is a Sell but leaving room to Sell any Rally...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.