Trade view /
13 October 2017 at 5:58 GMT
Yesterday's bullish bias was confirmed as initial, strong demand took EURGBP to all three of our upside objectives. But with the cross at four-week highs, the top of the daily Keltner channel, and overbought extremes, demand stalled, and reversed.
The change in investor sentiment was powerful with the market falling more than 120 pips back to the 13/100-day moving average area. Until that area is effectively breached, negative studies cannot be strong but they do suggest a more serious test of the averages.
Management and risk description
A move to 0.8890 means the stop can be lowered to break-even.
sell in 0.8925/30 area and at 0.8944.
0.8890 and 0.8872.
intraday, closing 1500 GMT.Back to averages
Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more
– Edited by Gayle Bryant
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