EUR/GBP on the way to consolidate above 0.9100

EUR/GBP on the way to consolidate above 0.9100

EUR/GBP has made a successful rebound in demand zone at 50% (0.9004) and it’s now heading towards the 0.9125 level, at which is located the -23.6% Fibonacci retracement level. So far, the 200 SMA is setting the tone and providing the path that the pair can follow in the short-term. To invalidate this bullish scenario, EUR/GBP needs to break below the 0.8979 level, where is the 65% and it could open the doors for a testing of the 0.8957 area (78.6% Fibo zone).

RSI indicator still hovers around the 50 level, calling for a sideways structure in the short-term.



EUR/USD: "V-Top" pattern

The pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera