Today's Chart

FX:EURGBP   Euro / British Pound
The primary trend of EUR/GBP             is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 0.7665 and support at the level of 0.7525. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

EUR/GBP             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra-day             to mid-term positions in it.

Agreed! On the weekly we see that 0.775 is a very strong level that is now a resistance after being a historical support.
When zooming in to daily, we see another move down at 61,8% retracement of the initial bounce off the 0.775 level. That move down did fail to create a new low which adds to directional uncertainty. I think there were two scenarios possible on the Daily. Either we were going up to create a double top at 0.775, or we were in a descending triangle with 0.752 as horizontal base. The 4-hourly chart you post here suggests the descending triangle is no longer valid and we'll be going up to retest 0.775.

Great chart, I think for sure you are right with the retest! Have you entered?
NielsG piponomics
No I haven't yet.
I'm watching the hourly chart for a pullback and readjusting my fibs with every new high.
I wouldn't be suprised to see the pullback starting only once the 0.775 level lines up with either the 27.2 or the 61.8 extension, so first there will be some new highs on the hourly.

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