TipTVFinance

EUR/GBP – 23.6% of 2015 – 2016 rally retraced

FX:EURGBP   Euro Fx/British Pound
The currency pair is trading well below 0.8684, which is the 23.6% Fibo retracement of the rally from 2015 low to 2016 high.

The Daily RSI and the MACD favor further losses.

Thus doors remain open for a drop to 38.2% retracement seen at 0.8349. On the way lower the pair could find some respite around 0.8556 (38.2% of 0.6535-0.9805).

Short-term bearish invalidation is see only if the pair closes above 0.8684 levels.
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