Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
EUR/GBP – Losses only below 0.8620, hurdle at 0.8705
Euro / British Pound
EUR/GBP – Losses only below 0.8620, hurdle at 0.8705
By TipTVFinance
Follow
Follow
Aug 15, 2016
3
Cheer
Cheer
Aug 15, 2016
Pair’s gains since Thursday have not been backed by a rising money flow index, which hovers around 80.00.
In the recent history, we have seen a turnaround in the EUR/GBP cross (marked by circles) each time the money flow index neared 80.00 levels.
However, bear trend is seen gathering pace only below 0.8620 levels.
On the higher side, we see strong resistance at 0.87-0.8705 (key Fibonacci expansion levels).
Overall, rally appears due for correction, courtesy of money flow index and a possible divergence on the daily RSI.
Currencies
EURGBP
Forex
trading
TipTVFinance
Follow
Follow
Related publications
USD/JPY – break below 100 would be a challenge for BOJ
by TipTVFinance
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
.