FxWirePro
Long

EUR/GBP breaks major resistance at 0.8330, targets 0.88 levels

FX:EURGBP   Euro / British Pound
177 0 6
EUR/GBP             pauses upside at 0.8626, near 3-year highs of 0.8652 (Aug 28th).

The pair has shown a decisive breakout above major resistance at 0.8330 on the weekly charts.

Momentum studies are bullish , RSI , Stochs and MACD on the weekly charts support further upside in the pair.

Rising expectations for Bank of England rate (by 25bp) at its August policy meeting adds to pressure on GBP. ECB Draghi's speech later toady will be closely followed for clues.

Good to buy dips around 0.85/0.8475, SL: 0.8330, TP: 0.8625/0.87/0.8770/0.88
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 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