Online Forex broker
2019-11-11 • Updated
Recommendation:
SELL 0.8690
SL 0.8745
TP1 0.859 TP2 0.852 TP3 0.845
On the daily chart, EUR/GBP keeps forming 5-0 and “Spike and ledge” patterns. The pair got out of the medium-term channel (0.87-0.9015) and triggered the junior AB=CD pattern. Its 200% target is near 0.8520. A bit closer (0.8450) is the 200% target of the senior AB=CD.
On H1, EUR/GBP after a short consolidation in the 0.8690-0.8755 area bears returned the initiative to themselves and continued pulling the euro down towards 161.8% target of the “Crab”.
As central banks raise rates amid recession fears and companies deliver financial results, markets are super active and provide multiple trade opportunities. Let's see what awaits traders this week!
First, the Euro dropping below the $1 level is rare…
The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
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