EUR/GBP met resistance

EUR/GBP met resistance

Trade ideas

SELL 0.8960; TP 0.8937; SL 0.8970

SELL 0.8915; TP 0.8880; SL 0.8930

EUR/GBP met resistance in the 0.8990 area. It failed to overcome this obstacle for the second week in a row. There’s bearish divergence on the daily Awesome Oscillator. In the near term, we’ll likely see a correction to 0.8937. The decline below 0.8920 will open the way down to 0.8875. 

EURGBP d1.png

Similar

NZD/JPY: watch the resistance

NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.

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