empty
 
 
23.03.2021 03:13 PM
EUR/GBP Could Give Birth To An Uptrend!

This image is no longer relevant

EUR/GBP decreased again in the short term but its failure to reach and retest the major downtrend line signals that the price could still register an important growth in the coming period.

The upside reversal was signaled by the price's breakout above the downtrend line. The rate has decreased along this line and now it seems determined to turn to the upside. Jumping and stabilizing above 0.8639 former high is seen as a buying opportunity.

Registering a new higher high announces that EUR/GBP could develop an uptrend after ending its downtrend.

Trading Conclusion!

Jumping above 0.8639 and reaching 0.8650 could represent a buying signal. 0.87, 0.88, and 0.89 could be used as upside targets.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback