Tide Turning: The EUR/GBP Technical Reversal Play
🌐 We're dedicated to spreading knowledge to underscore the crucial entry and exit points, fostering a deeper understanding rather than merely chasing profits.
🔗 Key Technical / Direction (Long)
Type: Short Term Swing
——————————
☑️ Bullish Reversal
0.87250 Area
Reasons
⚡️- Bouncing off the Support Zone
⚡️- Oversold Territory on Stochastic Index
⚡️- Confluence with 200 Period MA
⚡️- Historical Price Rebound Level
⚡️- Potential Trend Reversal Signal
☑️ Bearish Reversal
0.87500 Area
Reasons
⚡️- Prior Support, New Resistance
⚡️- Near Term Range High
⚡️- Stochastic Momentum Indicating Overextension
⚡️- Proximity to Structural Pivot Point
⚡️- Expected Technical Correction
🔗 Key Technical / Direction (Long)
Type: Short Term Swing
——————————
☑️ Bullish Reversal
0.87250 Area
Reasons
⚡️- Bouncing off the Support Zone
⚡️- Oversold Territory on Stochastic Index
⚡️- Confluence with 200 Period MA
⚡️- Historical Price Rebound Level
⚡️- Potential Trend Reversal Signal
☑️ Bearish Reversal
0.87500 Area
Reasons
⚡️- Prior Support, New Resistance
⚡️- Near Term Range High
⚡️- Stochastic Momentum Indicating Overextension
⚡️- Proximity to Structural Pivot Point
⚡️- Expected Technical Correction