EUR/GBP will go down

EUR/GBP will go down

Recommendation:

SELL 0.8845

SL 0.89

TP1 0.8745 TP2 0.8645 TP3 0.833

On the daily chart, if EUR/GBP falls to September low and breaks below the middle of the 0.87-0.902 channel will trigger a “Shakeout-Fakeout” pattern. As a result, there will be potential for further decline to 161.8% of the junior and senior AB=CD.

EURGBP1.png 

On H1, the inability of EUR/GBP bulls to keep the pair outside of the downtrend channel points at their weakness. Bears are trying to seize the initiative and keep the correction towards 78.6% and 88.6%.

EURGBP2.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Deposit with your local payment systems

Callback

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

Beginner Forex book will guide you through the world of trading.

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