At this point, EUR/GBP is still holding above 0.8610 support with daily MACD staying above signal line. Thus, there is no confirmation of completion of the second leg from 0.8067.
At this point, EUR/GBP is still holding above 0.8610 support with daily MACD staying above signal line. Thus, there is no confirmation of completion of the second leg from 0.8067.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
EUR/GBP is continuing to decline inside the Clear Falling Wedge chart pattern identified by Autochartist on the daily charts
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the pair and as we can see from the chart has closed it's weekly candle above the level of 0.8700 , so , that's mean the up trend is still standing and the pair is heading to 0.8800 then 0.8850
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
he pair failed a topside break at the 76.4% Fibonacci extension taken from the May 5th and July 1st crests at 0.8740 early in Asian trade with RSI sloping to the downside.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
We'd expect such correction to be contained by 0.7963/0.8186 support zone and bring up trend resumption. Rise from 0.5680 is still expected to extend beyond 0.9799 high eventually.
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
Despite dipping to as low as 0.8653 last week, EUR/GBP held above 0.8642 support and recovered strongly before closing. The development suggests that recent sideway trading is not finished yet
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8700 , and that's mean the up trend is still standing and the pair might head to 0.8750 and then 0.8770
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the chart is showing that he pair has succeeded in breaking the level of 0.8700 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.8730 and then 0.8750
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Hamzagoroo (2019-03-24), Shair (2020-02-29)
the first downward impulse of this chart pattern (from A to D) after which it resumed its downward movement. The pair is expected to fall further in the coming sessions.
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.
Hamzagoroo (2019-03-24), Shair (2020-02-29)
Hamzagoroo (2019-03-24), Shair (2020-02-29)
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