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,
Esperto analista di InstaForex
© 2007-2023
Guadagna sui cambiamenti del tasso di criptovalute con InstaForex.
Scarica MetaTrader 4 e apri la tua prima operazione.
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 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.
  • 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.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.
Widget callback