tayalsmith
Long

EUR/GBP ANALYSIS

FX:EURGBP   Euro Fx/British Pound
10 0 4
The secondary trend of EUR/GBP             is bullish on charts and price is trading above the trend line in its daily chart . In daily chart the price is sustaining above 200 day SMA and is taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 0.7960 and Support level of 0.7840
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.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: 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.
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