The current technical pattern signals a possible correction of the EUR/GBP currency pair after a continuous fall. A classic reversal formation, the divergence of the price and the MACD histogram (H4 timeframe), has been formed in the trading instrument. Quotes are testing local highs. At the moment, the EUR/GBP currency pair is consolidating near the round level of 0.89000. We recommend paying attention to this situation.
If the price fixes above the level of 0.89000, it is necessary to consider purchases of EUR/GBP. The immediate goal for profit taking is the resistance level of 0.89750. The movement is tending to 0.90300-0.91000. Confirmations and market entry points should be looked for on lower timeframes. When following positions, we recommend using a trailing stop.
by 2019.09.30
Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.
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