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Tag Archives: #eurgbp

EUR/GBP pops up shooting star to evidence failure swings at channel resistance, major trend stuck in range – trade tunnel spreads

EUR/GBP pops up shooting star to evidence failure swings at channel resistance, major trend stuck in range – trade tunnel spreads EURGBP bears break below strong support of 0.8775 and 0.8735 levels after failure swings at channel resistance (refer daily chart), Shooting stars patterns have also occurred at 0.8915 levels …

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EUR/GBP to face sellers around 0.905 area

EUR/GBP to face sellers around 0.905 area Back in January this year, we suggested in an article named, “FxWirePro: Buy euro against pound targeting 0.775”, available at https://www.econotimes.com/FxWirePro-Buy-euro-against-pound-targeting-0775-1110275 that the euro looks wobbly against the pound and we urged our readers to go short the euro against the pound targeting …

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EUR/GBP finds support at 50-dma at 0.8841, break below will see further weakness

EUR/GBP finds support at 50-dma at 0.8841, break below will see further weakness EUR/GBP has retraced break above channel top, slips lower to break 21-EMA support. Technical indicators are biased lower. RSI sharply lower, holds below 50 levels. Momentum studies are weak. Stochs point south and MACD is showing a …

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EUR/GBP rejected at major trendline resistance at 0.8970, trades in narrow range ahead of ECB policy meet

EUR/GBP rejected at major trendline resistance at 0.8970, trades in narrow range ahead of ECB policy meet EUR/GBP has been rejected at major trendline resistance at 0.8970, slips lower from session highs at 0.8967 to close at 0.8926 on Wednesday’s trade. Price action range bound on the day. The pair …

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EUR/GBP bulls break-out channel resistance, shooting star counter-rallies but major uptrend remains intact – trade boundary binaries

EUR/GBP bulls break-out channel resistance, shooting star counter-rallies but major uptrend remains intact – trade boundary binaries On daily plotting of EURGBP, So far the minor trend has been oscillating between sloping channels. But the bulls have managed to break-out channel resistance, consequently, the current trend spikes above DMAs with …

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