Eurgbpbullish
EURGBP reversed from resistance, potential drop!
EURGBP reversed off its resistance at 0.85759 where it could potentially drop further to 0.85410.
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#EURGBP, Are we nearing the end of the current wave of declines?A Stochastic indicator on line 7 signals the end of the declines.
The RSI is also very low on line 40, almost at the level it had in April when the eurgbp rose from 0.85-0.94.
The support line at 0.8520, 100 pips lower than the current price.
Buy in the support line area with a target of 0.8720 or buy now with the same target price (slightly higher risk)
EURGBP analysis | Still free falling? Or finding support?Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction.
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Analysis before the next move of #EURGBPAfter the powerful Double Top, we analyzed and which led to the strong declines, its good time to analyze again.
The decline in a daily graph (Weekly and monthly still uptrend).
You can see that the price stopped exactly on the moving average line which serves as strong support.
The Stochastic with the lines at the cross, at the lowest possible level with an upward direction.
Buy signal with a target to 0.8940