EUR / GBP pair dropped down a bit today, and strayed from the 0.7820 support .... well see that the indicators show a divergence on the hourly chart, so who knows, maybe next week will see the movement back to the north ...
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EUR / GBP pair dropped down a bit today, and strayed from the 0.7820 support .... well see that the indicators show a divergence on the hourly chart, so who knows, maybe next week will see the movement back to the north ...
The pair broke down short-term trend line, and it seems that the down trend has resumed full-time, so that today the number one goal is a mark 0.7760 ... and whether or below can be replaced in the corridor should look at the situation in the online ..
the pair has a very good chance with the broken trend shown in the chart the pair has completely broke the up trend so the next week it will retest the trend and it will go down
See the chart
Attachment 3657
bearish trend still standing for this pair as we can see from the chart that the candle close below bollinger band stop indicator, from that down trend is still expected for today and this will lead this pair to level 0.7820..
I think EURGBP is trying to reach the resistance level at 0.7873 now.
Then, if EURGBP can break that resistance level, this pair may continue going up and the next target is at around 0.7924 as the next resistance level of EURGBP
this pair has break level 0.7850 yesterday thats mean bullish momentum is on the way and that's will lead the movement to reach level 0.7880 today but if this pair goes down break level 0.7850 it will bring this pair continue for down trend reach level 0.7835..
EUR / GBP pair broke through the ascending channel on the top, and now it is very possible that the forms of the same channel is only sent to the southern side, the price is good resistance at around 0.7880 and 0.7760 is the potential target ...
It looks like a bearish trend is affecting more and more, the pair started to let the strong black candles, now touched the 0.7820 level ... but judging by the configuration of candles is not the end, I think the following short-term goals are 0.7790 and 0.7750 ...
i think that we should wait until EURGBP reach the support level on the weekly chart @0.7758 as EURGBP will retest this level on the short term when this pair reach the support level we can buy this pair .
MA100 still flat, so we will see a sideways. The range between 0.7816 to 0.7878 will be the area for the movement today. I might say neutral for today.