Forex Flash: EUR/GBP technically bullish ahead – Nomura
Forex pairs in this Article »
EUR/GBP
FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen offers his outlook on EURGBP from a purely technical perspective.
Noting that spot is higher on the week, Amen starts by offering his bullish weekly target of 0.8150. He notes that on a daily chart, spot has broken above the 200 MA and RSI (14) has continued to rise. He feels that with spot testing the Upper Bollinger Band and bandwidth also expanding, we could be seeing the start of a bullish breakout in spot.
Noting that spot is higher on the week, Amen starts by offering his bullish weekly target of 0.8150. He notes that on a daily chart, spot has broken above the 200 MA and RSI (14) has continued to rise. He feels that with spot testing the Upper Bollinger Band and bandwidth also expanding, we could be seeing the start of a bullish breakout in spot.
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