EUR/GBP finding strong support

EUR/GBP finding strong support

2019-11-11 • Updated

EUR/GBP has been moving in a sideways range inside a demand zone established by our Fibonacci’s projections. The 200 SMA at H1 chart still provides dynamic support across the board and if it receives a momentum at this stage, then it’s likely to see a rally towards the -23.6% at 0.8985 in the short-term. The invalidation point of this forecast lies at 0.8775.

RSI indicator remains in the neutral territory.

EURGBPmH1.png

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