EURGBP recently reversed down from the resistance zone lying between the strong resistance level 0.9080 (which has been reversing the price from the end of August, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from last August.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star.
EURGBP is expected to fall further and re-test the next support level 0.8950 (which reversed the previous waves (a) and 4).
CADJPY: ⬆️ Buy - CADJPY reversed from strong support area - Likely to rise to…
USDJPY: ⬆️ Buy - USDJPY reversed from the support area - Likely to rise to…
Eurozone business activity slows as falling orders and declining confidence impact growth. Manufacturing PMI remains…
The cryptocurrency market experienced a significant surge, with market capitalisation reaching $2.95 trillion. Bitcoin is…
Bitcoin: ⬆️ Buy - Bitcoin broke round resistance level 90000.00 - Likely to rise to…
AUDUSD: ⬇️ Sell - AUDUSD reversed from the key resistance level 0.6400 - Likely to…
This website uses cookies
