Positioning Bias:
EUR/GBP made a low of 0.7758 and has slight recovered till 0.7874 from that level. Overall trend is bearish as long as resistance 0.7930 holds.
On the upside EUR/GBP minor resistance is around 0.7875 and any break of 0.7875 would extend gain to 0.7930/0.7970 in short term.
The pair’s minor support is around 0.7740 and break below will target 0.7632/0.7560 (161.8% projection of 0.80647 to 0.77653 from 0.80453).
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7813, SL 0.7930, target 0.7560.
EUR/GBP made a low of 0.7758 and has slight recovered till 0.7874 from that level. Overall trend is bearish as long as resistance 0.7930 holds.
On the upside EUR/GBP minor resistance is around 0.7875 and any break of 0.7875 would extend gain to 0.7930/0.7970 in short term.
The pair’s minor support is around 0.7740 and break below will target 0.7632/0.7560 (161.8% projection of 0.80647 to 0.77653 from 0.80453).
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/GBP around 0.7813, SL 0.7930, target 0.7560.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.