FxWirePro
Long

Break above 0.79 and widening BBs support upside in EUR/GBP

FX:EURGBP   Euro Fx/British Pound
164 0 4
EUR/GBP             extends gains above 0.79 handle after breaking major resistance at 0.7880.

Risk-off in Asia post below estimates Chinese data has been supportive of the single currency, pushing the cross to flirt with fresh multi-week tops in the vicinity of 0.7949.

'Brexit' worries might continue capping any sharp upside for the Pound, thus limiting near-term downside for EUR/GBP             .

The pair is on track to test major resistance at 0.7949, break above will see gains upto 0.80 levels.

61.8% Fib at 0.7906 is now major support on the downside, we see resumption of weakness only on break below 0.7875 ( trendline resistance turned support).

Technicals are supportive of upside in the pair, Stochs RSI and MACD are biased higher, Bollinger Bands are widening.

Good to buy dips around 0.7930 levels, SL: 0.7875, TP: 0.7990/ 0.80/ 0.8025
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out