Sunday, April 5, 2015

EUR-GBP Forex Technical Analysis and Strategy Monday, April 06 2015



EUR/GBP
RECOMMENDATION : BUY TARGET 0.7530
SUMMARY:
The overall trend of EUR/GBP is bearish, In its hourly chart, prices are consolidating with strong positive bias. 30 & 200 DMA are also providing support to the prices, supporting the further uptrend. If EUR/GBP crosses the important resistace level of 0.7390 and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 0.7390 & sustains above it we can expect it to come up to the levels of 0.7470/0.7530 in next few days.

INDICATORS:-
RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.
MACD is also sustaining above the zero line, indicating the up trend in the market.

EUR/GBP


STRATEGY:- EUR/GBP is bouncing back from lower levels. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Posted by at
Labels: , , ,
Location: Kuwait

1 comment:

  1. BloggerSeptember 9, 2016 at 9:50 PM

    Hey Everyone,

    I've attached a list of the highest ranking forex brokers:
    1. Best Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of the best forex tools:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    I hope you find these lists helpful...

    ReplyDelete

Subscribe to: Post Comments (Atom)