TipTVFinance

EUR/GBP outlook – Losses below daily low

FX:EURGBP   Euro / British Pound
Resistance – 0.7754, 0.7776, 0.7849

Support – 0.7683, 0.7649, 0.7600

Bearish patterns on daily chart – Head and Shoulder breakout, falling channel

  • Failure to take out hourly 50-MA of 0.7697 followed by a drop below 0.7683 (38.2% of 0.6981-0.8117) and a subsequent break below daily low of 0.7663 would reinforce bears and open doors for 0.7640-0.76 levels.
  • On the higher side, a clear break above head and shoulder neckline is needed to indicate bearish invalidation; meanwhile, bullish view would gain credence in case prices break above falling trend line level of 0.7850.
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