Currencies ForecastEURGBP ForecastEURGBP Technical AnalysisForecastsTechnical Analysis

EURGBP Shorter term forecast and key levels

EURGBP Shorter term forecast and key levels

I have published e details forecast of GBP futures last week.

GBP Futures: Brexit Deal, Spain and BoE’s rate war

Brexit uncertanity keeps GBP under pressure however on the Euro side; we do not see any promising signals.

On the smaller chart timeframes, EURGBP broke the shorter term ascending trend line. As of writing the pair  is trading at 0.88960 and retesting the broken trend line. If the pair could contiune trading below 0.89000, 0.88600 and 0.88200 will be on the targets.

If fails to hold below 0.89000 , 0.89400 is the key resistance. Break above will lead the pair towards 0.90***.

We have already published our potential reversal pattern.

EURGBP Forex Signal Bearish Cypher Formation

 

 

You can check  our signal results

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURGBP: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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