FxWirePro
Short

EUR/GBP backs-off 0.7382 resistance, Short for 0.73

FX:EURGBP   Euro / British Pound
178 0 4
EUR/GBP             has bounced back from strong trendline resistance at 0.7382 in Monday's trade, Techs point further downside.

5, 10 & 20 DMAs trend north, Stochs on 4-hourly charts has rolled-over from overbought zone with a bearish crossover.

Demand for Euro             hit as higher Asian equities and modest recovery in the commodities space keep the market sentiment lifted.

No major economic drivers ahead until the NY session, markets will track the sentiment across global equities for cues.

5-DMA at 0.7358 is immediate support on the downside ahead of 0.7314 (23.6 % Fib of 0.6981-0.7416 rise).

While immediate resistance is seen at 0.7380 (Session high Dec 28) and then at 0.7385 (rising trendline ).

We would sell rallies around 0.7370, SL: 0.7420, TP1: 0.73, TP2: 0.7280
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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