EUR/GBP with a bullish divergence at MACD and RSI indicators

EUR/GBP with a bullish divergence at MACD and RSI indicators

EUR/GBP has been showing interesting patterns’ formations at the H1 chart, with a bullish divergence that appeared in the MACD and RSI indicators, which could be a sign of a strong bottom found around 0.8600. That’s why we’ve saw a strong rally above the 200 SMA and currently, the pair is looking to break above the resistance level of 0.8720. If that happens, then the next target would be the 0.8746 zone. To the downside, a consolidation below 0.8693 should expose the 0.8665 level.

RSI indicator remains in the overbought territory, calling for a pullback in the short-term.

EURGBPH1.png

Similar

Popular

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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

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