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  |   Technicals


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

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