Trade view /
30 June 2016 at 6:03 GMT
The setback from Monday’s two-year high deepened Wednesday. Prices declined by more than a big figure to take EURGBP back inside a Keltner channel that is still trending higher. But levels below the Marabuzo line created by Monday’s strong improvement attracted fresh buyers and that point held the downside, on a closing basis. That failure returns the technical focus to the topside with scope for new highs.
Management and risk description
A move to 0.8302 means the stop can be raised to break-even.
buy in 0.8280/0.85 area and any dip to 0.8259.
0.8302 and 0.8322.
intraday, ending 1600 London time, Thursday, June 30.Marabuzo Line
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— Edited by Gayle Bryant