ShaunBC

(D) EUR/GBP - Short: Support & Resistance + Policy Uncertainty

FX:EURGBP   Euro / British Pound
(D) EUR/GBP             - Short: Support & Resistance + Policy Uncertainty

- From the chart, sellers overpowered buyers, bringing down the price level from the tested/highest point at 0.89058. The pair closed below the support line at 0.88453 and continued to decline until closing at 0.87889.
- Although this sell is overextended, EMA 5, 15 and 60 indicate a strong downward trend.
- Euro             zone wages grew at their fastest rate in two years in the second quarter, and Monetary Policy stimulus is still needed to bring inflation in the euro             zone back to the European Central Bank’s target of almost 2 percent. The decision of the stimulus likely to come in October.

* A bounce from the support level at 0.87365 next week would not be a surprise. keeping an eye on this level for a chance to go long instead of short.

English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out