Nico.Muselle

EURGBP - Decision price level, will it hold ?

FX:EURGBP   Euro / British Pound
235 2 7
This pair has been in an almost constant descent for more than 1 year now and has seen a move of 1600 pips down during that period.

Currently we are at a potential support/resistance level on the monthly chart that dates back to 1998 and 2003, much like the EURUSD             pair where we see exactly the same. The question is now, will we see a little retracement or will this level be broken as well and do we see a further move down into 0.65 ? A large retracement is highly questionable as the ECB's QE will kick in tomorrow.
New !!!! Crypto High Tops available now on https://unicornllama.com
Do also check our brand-spanking-new Crypto Sports Edition
Check our live crypto trading channel on Twitch : https://www.twitch.tv/cryptoworldnews
we might have a gap breakout
+1 Reply
Right, according to XE, the rate currently is 0.7210, so a little up from where we are now. Tendency in general is that during the day this gap is closed but we could also see a (limited) rally. Wait and see what Monday brings :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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