EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the...
EURGBP is currently testing a former resistance level around the .8800 major psychological mark, which appears to be holding as support. This lines up with the 50% Fibonacci retracement level on the swing high and low on...
EURGBP recently broke out of a price channel on its 4-hour chart and moved sideways in a trading range between 0.8746 and 0.8899, suggesting that consolidation for the bearish movement from 0.9306 is underway. The EURGBP pair...
EURGBP sold off sharply from its previous rally to the .9300 region, pulling back to an area of interest around the .8700 to .8800 levels. This lines up with the 50% to 61.8% Fibs, which could hold...
EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already....
After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had...
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as...
EURGBP is still trending higher as it tests the top of the ascending channel resistance visible on the 4-hour time frame. Stochastic is moving up to signal that there’s still some bullish pressure left but the oscillator...
EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the...
EURGBP continues to trend higher after breaking past a major range resistance visible on its longer-term charts. On the 1-hour time frame, it can be seen that the pair is moving inside an ascending channel formation and...
