Thread: Eur/Gbp
EURGBP has touched the support level at 0.7979 today. So, I think 0.7979 level will be a critical point of EURGBP. If EURGBP can break this support level, I expect EURGBP will fall to the next support level at 0.7924. But if fail and EURGBP rebound here, this pair will reverse and may touches the resistance level at 0.8025
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Spoiler:
At the H4 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates the trend is still down
Recommendation: sell
Range :0.8027-0 .7944
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EURGBP touch that support and see the price action to make the next trade decision. If EURGBP can break that support level, this pair may goes down to the lower support level at 0.7924. But if fail sto break and rejected by that support, this pair may rebound to the resistance level at 0.8025
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The pair EUR/GBP continued falling today strongly after being bounced from the 0.8058 resistance level to penetrate all subsidies and close below the 0.8000
There were some positive stochastic making price fluctuates a bit and we may see some correction to the top
Husband for as long as the drop below the 0.8025 level
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as we have a resistance level on the daily chart @38.2% so i predict that EURGBP will continue moving downward on the short term and i suggest selling this pair now our target point will be@23.6%.
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At the H4 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 drift over area 50 indicates the trend is consolidation tends to fall
Recommendation: sell
Range :0.8023-0 .7958
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EURGBP is moving near the support level at 0.7979 now. I think it will be better to wait EURGBP touch that support and see the price action to make the next trade decision. If EURGBP can break that support level, this pair may goes down to the lower support level at 0.7924. But if fail sto break and rejected by that support, this pair may rebound to the resistance level at 0.8025
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The pair EUR/GBP continued falling today strongly after being bounced from the 0.8058 resistance level to penetrate all subsidies and close below the 0.8000
There were some positive stochastic making price fluctuates a bit and we may see some correction to the top
Husband for as long as the drop below the 0.8025 level
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
On the H1 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates area trend is still down
Recommendation: sell
Range :0.8044-0 .7996
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EURGBP is moving between the support and resistance level now.
If EURGBP can break 0.8070 resistance level, this pair may goes up to the next resistance level at around 0.8123. But if EURGBP can break 0.8025 support level, this pair may falls to the next support level at 0.7979
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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