Get started
Euro / British Pound
Long

EUR/GBP - BULLISH RSI/STOCHASTIC DIVERGENCE | OVERSOLD REVERSAL

45
  • EUR/GBP broke a major support level during the start of 2021
  • As a result, a massive sell of spewed over the course of Q1 2021
  • Stochastic and RSI is showing heavy divergence on the daily and given the oversold conditions of the market a reversal may be pending
  • A long position has been executed with 2 targets:
  • Target 1 - initial major support level
  • Target 2 - 61.8% fibonacci resistance
JayanVarsani
Also on:
Chart PatternsCurrenciesdollarDXYEURGBPEURUSDForexfxGBPUSDTechnical IndicatorsTrend AnalysisUSD

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.
Chart PatternsCurrenciesdollarDXYEURGBPEURUSDForexfxGBPUSDTechnical IndicatorsTrend AnalysisUSD
JayanVarsani
Also on:

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.