Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP in a possible buy zone around 0.8760
2019-11-11 • Updated
EUR/GBP is very close to a strong buy zone that has been formed during recent days, as the pair is following a bullish bias. Such area corresponds to a Fibonacci retracement projection we did, based on the H4 chart, as we’re seeing that 200 SMA at H4 chart is close to the 50% and 61.8% levels (0.8760 – 0.8731). If it manages to rebound over that zone, one could expect a bullish continuation towards -23.6% in 0.8934.
To the downside, a break below 0.8724 could accelerate the bearish bias towards 0.8641. RSI indicator remains at the negative territory.
Similar
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
What happened? It looks like the decline in EUR/CHF to 1…
Latest news
The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...