TipTVFinance

EUR/GBP outlook – Losses below daily low

FX:EURGBP   Euro Fx/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.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out