TipTVFinance

EUR/GBP – Bearish divergence, eyes sub 0.86 levels

FX:EURGBP   Euro Fx/British Pound
Daily chart patternBearish price rsi divergence

Pair’s inverted bearish hammer candle of last Tuesday followed by a rejection near 0.87 handle on Friday and move lower to 0.8644 today adds credence to the bearish price-RSI divergence and suggests a possible decline to 0.8590 (last week’s low), under which losses could be extended to 0.85 handle.

On the higher side, only a day end close above 0.8725 would suggest bearish invalidation.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out