Eur/Gbp

Draghi has warned that he does not expect changes in 2019. In political terms, Europe is going through great revolutions with the problems now experienced in France and the confrontation between Italy and Brussels apparently already solved.

The future is therefore also uncertain for the Euro and we will have to wait for the beginning of 2019 to know what might happen.

Last note for the other majors that are ending the year is the depreciation compared to the beginning of 2018 with the Canadian Dollar index at -7.24 percent, the Australian at -9.46 percent and New Zealand at -5.19 percent at this time, thus revealing all majors during 2018 expects the US Dollar.

This article was written by Dercio Pires

Disclaimer: Materials, analysis, and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. The author’s opinion does not represent and should not be construed as a statement or investment advice made by TeleTrade. All Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

This article was written by Yawar Hussain

Disclaimer: Materials, analysis, and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. The author’s opinion does not represent and should not be construed as a statement or investment advice made by TeleTrade. All Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

EUR/GBP is staying in consolidation from 0.99086 and intraday bias remains neutral first. Downside should be contained by 0.8931 resistance turned support to bring another rise. On the upside firm break of 0.9098 resistance will extend the whole rise from 0.8655 to 0.9304 key resistance next.

However, considering bearish divergence condition in 4 hour MACD, firm break of 0.8931 will indicate near term reversal and target 0.8810 support and below.

Eur/Gbp trend is bearish

Resistance and Supporting level is:

Resistance 1:0.8986
Resistance 2:0.8999
Resistance 3:0.9018


Supporting 1:0.8956
Supporting 2:0.8924
Supporting 3:0.8904

Eur gbo is going for a good sell

Support and Resistance levels:-

S3 0.8986
S2 0.8987
S1 0.8987

R1 0.8987
R2 0.8987
R3 0.8988

Eur/Gbp over all trend is bearish

1. Resistance Level:0.8991
2. Resistance Level:0.9015
3. Resistance Level: 0.9035


1. Supporting Level: 0.8954
2. Supporting Level: 0.8943
3. Supporting Level: 0.8920