Banknotes of various countries
• EURGBP reversed from support area
• Likely to reach resistance level 0.8650
EURGBP recently reversed up from the support area surrounding the strong support level 0.8550 (which reversed the price with the daily Hammer at the end of February).
The support zone near the support level 0.8550 was strengthened by the lower daily Bollinger Band.
Given the strength of the support level 0.8550 and the bullish divergence on the daily Stochastic indicator EURGBP is likely to rise further toward the next resistance level 0.8650.
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies