EUR/GBP’s decline from 0.8713 extended to 0.8554 last week but recovered ahead of 0.8548 support. Initial bias remains neutral and some consolidations could be seen first. Deeper fall is expected as long as 0.8619 resistance holds. Firm break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break […]
Daily Pivots: (S1) 0.8407; (P) 0.8414; (R1) 0.8426; More…. Intraday bias in EUR/GBP remains neutral for the moment and more consolidations could be seen above 0.8382. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on […]
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