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As expected in my previous analysis report, EURGBP corrected toward after it had reached 0.8550. At time of writing, EURGBP is consolidating around above 0.8500 and trying to find support above hourly SMA35. On the chart, despite technical indicators suggesting bias still bullish, MACD keeps declining, which implies possible decline further. A candle closing below 0.8500 would signal extension to 0.8466.
Eur/Gbp trend: buy
1) Resistance 0.9013
2) Resistance 0.9049
3) Resistance 0.9071
1) Supporting 0.8957
2) Supporting 0.8933
3) Supporting 0.8905
Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
If the M15 closes above 0.8850, buy it and don't sell. If the price closes below it, don't do anything.
If the M15 closes below 0.8750, sell it and don't buy. If the price is closed again on it again do nothing
- What . The range of 0.8850 and 0.8750 is a neutral area, every trade made between them is a personal decision and not part of this analysis
If the M15 closes above 0.8850, buy it and don't sell. If the price closes below it, don't do anything.
If the M15 closes below 0.8650, sell it and don't buy. If the price is closed again on it again do nothing
- What . The range of 0.8850 and 0.8650 is a neutral area, each trade made between them is a personal decision and not part of this analysis
If the M15 closes above 0.8700, buy it and don't sell. If the price closes below it, don't do anything.
If the M15 closes below 0.8550, sell it and don't buy. If the price is closed again on it again do nothing
- What . The range of 0.8700 and 0.8550 is a neutral area, every trade made between them is a personal decision and not part of this analysis
The pair has broken the H1 uptrend line and now trying to break the H4 uptrend line, if break, we'd see falling down targeting .8807 and .8764.
Otherwise, the pair will bounce up to .8936 and .8975 again before it continues to bearish.
EUR/GBP
THE RSI movement of this pair is moving with high frequency on SELL.
StdDew & Mcad are main factors which also giving the SELLYing signals.
time frame of M5,M15,M30 is on SELL.
time frame of H1,H4 also on selling signals.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest resistance of this pair today is:0.8934
today suitable selling point is :0.8930
NOTE: these my personal analysis on market todays trend.
The Euro vs. the British Pound. This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
Last week's retreat from 0.8885 found support at 0.8730, and the pair bounced up on Friday to extend gains on Monday's Asian session, reaching 0.8800 high, where the Euro found sellers to give away gains on European session, and dive towards 0.8755.