EURGBP: Sterling respite, signals point to pullback
While EURGBP bullish signals on the week have been confirmed, yesterday's signals highlighted the potential for topside momentum to stall.
This has occurred and profit-taking sellers have seen sentiment and intraday signals weaken.
Management and risk description
Deploy low capital at risk - allow room to sell rally and lower stop to entry if the first target met.
Entry: Market and 0.8593, just below today's Asian high.
Stop: 0.8640, yesterday's top.
Target: 0.8446, Tuesday's Marabuzo line and .8383, Tuesday's base.
Time horizon: Today only.
— Edited by Adam Courtenay
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