Daily Technicals: EUR/GBP Bullish Engulfing Pattern
Eddie Tofpik | Apr 18, 2018 10:12
EURUSD
A second close over the recent 50% fib at 1.2355…but most importantly it was an indecisive spinning top pattern.
CABLE
A new high for 2018 but also a bearish closing black marubozo…we tried up into the strong congestion area 1.4350 – 1.4650 and seemingly rejected it…however…the market is seemingly also keen to stay close to the rising middle tine of the 2018 schiff pitchfork (currently 1.4366) so it may be that we’ll see prices try up again.
EURGBP
A bullish engulfing pattern…though no follow on so far today.
Please find the entire report below:
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