Subscribei think that the price go down because the last candle closed under 0.8586 under line moving average 50 and now the pair continue to downward destination because it is in down trend .
Thread: Eur/Gbp
i think that the price go down because the last candle closed under 0.8586 under line moving average 50 and now the pair continue to downward destination because it is in down trend .
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the pair was rebounded from the strong support level , so up movements till
38 then 50 fibo level will be expected
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मूल्य 200 (और 20 दिन) दिन औसत कल में लामबंद हो और सिर्फ अपने चैनल की शर्मीली उलट. एक नकारात्मक पक्ष यह संकल्प लंबे समय के रूप में इष्ट के रूप में कीमत नीचे है जुलाई - सितंबर ट्रेंडलाइन.
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Today EUR/GBP is at the bottom of the price trap it has been confined to since may. It is in the nose area of the apex and has breached support a few times but no clean breaks just yet. On the daily chart price is just under the 5 ema and the stochastics is pointing straight down and entering the oversold zone.
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EURGBP is now at 0.8625 that means still uptrend standing to continue . I hope this pair will break 0.8660 today and if possible then will touch 0.8680 .
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if we see In m30 chart this price facing reisistance at 0.8641 but now pair break its resistance 0.8641
we can go for buy tp is 30 pips. my tp is 0.8670 and stop loss is o.8617
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If a M15 close above 0.8700 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8700 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
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I think Today it will touch at 0.8660 above, if break then 0.8680 , 0.8700 , 0.8730
Because European session will be start soon . So euro will rise .
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If a M15 close above 0.8850 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8550 sell only and do not buy. If price closes back above it again do nothing
The range 0.8850 and 0.8550 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
Pair has a temporary bottom at 0.8548 and we note that the MACD line was penetrated to the highest which confirms that the temporary and we expect the bottom end of the assembly operations for the pair, who started at 0.8530 and ended at 0.8830.
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