EURGBP: time to bounce back
Two big candles went beyond the Bollinger Bands, which I considered a support point or support area. The price would always go towards the middle line.
The MACD reveals that there could be a bullish cross soon, and the RSI is just recovering from an oversold point.
The volume reveals the same signal, traders become more and more confident with the price going up.
The Bollinger bands remain wide, so the price has space to go up.
Let’s expect the price to go up.
The MACD reveals that there could be a bullish cross soon, and the RSI is just recovering from an oversold point.
The volume reveals the same signal, traders become more and more confident with the price going up.
The Bollinger bands remain wide, so the price has space to go up.
Let’s expect the price to go up.
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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.