Thursday, October 15, 2026

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EUR/GBP sideways, capped by 21 DMA at 0.7243

EUR/GBP trades sideways, capped by 21 DMA at 0.7243 in the European morning Slow stochs crossed positively in oversold territory generating a buy signal Resistance from the daily cloud base at 0.7250 Then the 38.2% of th…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/GBP trades sideways, capped by 21 DMA at 0.7243 in the European morning

  • Slow stochs crossed positively in oversold territory generating a buy signal

  • Resistance from the daily cloud base at 0.7250

  • Then the 38.2% of the 0.7482/0.7123 slide at 0.7260 also weighed

  • Bears should be cautious - failure to close under brkn chnnl base

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By FxWirePro Team