Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/GBP Trade Idea

FxWirePro's Hourly EUR Spot Index: 114.534 (Bullish)

FxWirePro's Hourly GBP Spot Index: -179.347 (Bearish)

Trend for EUR/GBP: Bullish

Technical Studies: Bias Bullish

- Stocks and RSI biased higher, RSI edges above 50.

- Breaks 20-DMA at 0.8874.

- MACD line is showing a bullish crossover on signal line.

Support levels - 0.8874 (20-DMA), 0.8862 (5-DMA), 0.8746 (Sept 27 low)

Resistance levels - 0.8949 (July 12 high), 0.8994 (July 12 high), 0.9019 (50-DMA)

Recommendation: Good to go long on dips around 0.89 levels, SL: 0.8860, TP: 0.8950/ 0.90/ 0.9020

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

By Anupama Grandhi
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.