€ / £
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurgbp:
#Comment_to_past_week:
The currency pair continued to grow last week, rising by the end of the week by 53 points (0.62%). However, the dynamics of the currency pair was not as straightforward as it was before, and the upward trend was replaced by consolidation.
#Technical analysis:
Globally (D1):
The bulls failed to break above the level of 0.8688 (38.2% Fibonacci), and this suggests that the pair should go to 0.8539.
Locally (H1-H4):
The currency pair began to form a consolidation or range trading between the levels of 0.8742 and 0.8593 breakdown and consolidation of any of these boundaries, potentially gives us goals for movements:
A) Breakdown up: 0.8810;
B) Breakdown down: 0.8514;
A) Support: 0.8582 & 0.8512;
B) Resistance: 0.8736 & 0.8813;
#Deal: Neutral attitude to open positions.
At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of the price, although a week ago they recommended selling from 0.8702.
Trend indicators on the hourly time frame also suggest a sale.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurgbp:
#Comment_to_past_week:
The currency pair continued to grow last week, rising by the end of the week by 53 points (0.62%). However, the dynamics of the currency pair was not as straightforward as it was before, and the upward trend was replaced by consolidation.
#Technical analysis:
Globally (D1):
The bulls failed to break above the level of 0.8688 (38.2% Fibonacci), and this suggests that the pair should go to 0.8539.
Locally (H1-H4):
The currency pair began to form a consolidation or range trading between the levels of 0.8742 and 0.8593 breakdown and consolidation of any of these boundaries, potentially gives us goals for movements:
A) Breakdown up: 0.8810;
B) Breakdown down: 0.8514;
A) Support: 0.8582 & 0.8512;
B) Resistance: 0.8736 & 0.8813;
#Deal: Neutral attitude to open positions.
At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of the price, although a week ago they recommended selling from 0.8702.
Trend indicators on the hourly time frame also suggest a sale.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
