TeamFXD

TeamFXD

Join our FREE telegram chat for more trade ideas: t.me This pair is currently testing its long term support line, which has held for nearly two years. Following a touch of the lower Bollinger band, and a recent MACD crossover, this hints at a reversal in price action to the upside may be to come.

TeamFXD

Join our FREE telegram chat for more trade ideas: t.me EURGBP recent price action has led to a break in the trend line that has acted as support since mid May. Following a recent MACD crossover, we should see a sharp bearish drop from here.

TeamFXD

As shown, the current price action of this pair is testing a pivot point that has been prevalent throughout May and June. This coincides with the 38.2% Fibonacci extension level, derived from the swing high on the 22nd May. Due to this combination, if the support around the 81.00 holds, expect a short term reversal to around the 81.9 mark. Stop loss below 50% Fib....

TeamFXD

EURGBP's price action has been defined by bullish momentum for the past month, taking it to near the upward limit of the pair's current downward channel. As price has stalled over the past week (10-14 June), when encountering the long-term pivot point at the 0.89 level, we expect a bearish breakout to at least the 23.6% Fibonacci retracement level, and perhaps beyond.