GBP/EURO – Maximising Your Euro Holdings
This chart could be used for perpetual swaps or could be of value to those looking to maximise their Euro holdings by positioning them temporarily into Great British Pounds.
The RSI and Parallel channel have been brilliant indicators of when to long and short the Great British Pound ("GBP") in Euro. The 200 week SMA...
🔰You can see the analysis of the British pound to the euro in the 30-minute time frame (GBPEUR_ 30min)💣🔍
💥SUPPLY and DEMAND zones are indicated in the picture🧐 Due to the presence of the GAP in the chart and the presence of the price near the Support🧡, there is a possibility that the price will rise as a result of hitting the support line up to the Supply...
For the time being, the pair has just past the middle trend of its rising channel and has touched its falling trend.
(+) 1.17 level will be the target for the future. Apart from that, 1.20-1.21 levels should be followed if the price wants to touch the upper point of the channel.
(-) However, if prices come back from here, 1.12 will be a significant boost...
GBP is weakening ahead of Brexit and The EU area is getting stronger despite challenges. I will take a long here Tg 0.93108
Good luck and please like it if you agree.
Key level support is the only thing I see that may tell that a short-time reversal may occur. Most overall indications are still bearish on all the time frames. Last news is old news and is bad news because of the Brexit. Recession fear in all cases of a Brexit.
Looking for a tiny squeeze upwards to a major resistance zone, Then looking to place sell orders If I see a change of direction resisting that TOP & even more so if RSI is still in overbought territory. Comment below & let me know what you think!
