TipTVFinance

EUR/GBP outlook- Head and Shoulder in progress

FX_IDC:EURGBP   Euro / British Pound
Unless the UK CPI             data misses estimates by a wide margin and/or Brexit fears spike, there is very little reason for EUR/GBP             pair to turn higher from here.

The right shoulder is progressing well and appears on track to test the neckline level around 0.7750 in couple of days or may be even today if the UK CPI             beats estimates and US CPI             misses estimates. Such a combo would work well for GBP/USD             than EUR/USD             , thus leading to a drop in EUR/GBP             .

A negative closing today would also end up in a bearish crossover between 21-day EMA and 55-day EMA .
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
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