EUR/GBP: Falling Thick Daily Cloud Produces Strong Headwinds to Near-Term Recovery

<p>Attempts to extend strong rally of past two days failed at pivotal Fibo barrier at 0.8599 (61.8% of 0.8657/0.8503), as probe above faced strong headwinds from thick falling daily cloud (base of the cloud lays at 0.8610). Short-lived spike higher is forming a daily candle with long upper shadow, which generates initial signal of possible […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/510432-eur-gbp-falling-thick-daily-cloud-produces-strong-headwinds-to-near-term-recovery/">EUR/GBP: Falling Thick Daily Cloud Produces Strong Headwinds to Near-Term Recovery</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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