EURGBP inside a positive formation

FX:EURGBP   Euro / British Pound
20 0 0
Target: 0.7620
Risk: 0.7240

Technical Reasons:

The EURGBP             pair showed some bearish correction after the rise that started from 0.6949 areas, and the price moves inside a bullish flag pattern that we are waiting to breach its resistance at 0.7375 to confirm completing this pattern, which will assist to push the price to achieve more positivity in the coming period.

The exponential moving averages 50 and 100 provide positive support to the price, thus, the bullish trend will be expected in general, being aware that breaking 0.7240 level will push the price for more bearish correction before resuming the waited bullish trend .

FXHighway mobile App: https://play.google.com/store/apps/details?id=com.fxhighway.apps
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out