Daily News By BullsEye Markets
I am Anu. I want to share my technical overview about forex trading.
Technical Analysis of EUR/GBP USD

EUR/USD Price Shows Breakdown In Head And Shoulder Pattern

The EUR/USD pair is traded near the Head and Shoulder pattern to the support at the level 1.1770 at the press time.

It will seem close at the support line to the H&S Breakdown to the bullish to bearish trend to change and open the doors at the level 1.1530.

The Pair is rising at the trendline lows. The Bullish to the downside break the back to below at the level to bearish reading on the 14- day relative strength index.

The Head and Shoulder pattern of the EUR/USD shows the breakdown to the bias to go bullish if the pair rises above the level 1.1918 high.

GBP/USD Pair Prices Shows Bears and Ignore the Pullback Beyond at 1.2800

The GBP/USD shows bounces off the intraday low at the level 1.2803 to 1.12817 during the Asian session to the previous losses.

In any case, bearish MACD pushes the buyers to take passages just on the break of a sliding pattern line from September 01, as of now around the level at 1.2930.

It should be likewise be noticed that a position of 38.2% Fibonacci retracement of June-September upside and 50-day SMA around 1.3010/15 will challenge the bulls following.

Moreover, an even zone including July 21 top and the month to month low, somewhere in the range of 1.2762 and 1.2767, offers important help to the pair.

Additionally going about as drawback barriers are the 61.8% Fibonacci retracement level and July 09 high, separately near at the level 1.2720 and 1.2670..

To know more visit https://bullseyemarkets.com/

Forum Jump:

Users browsing this thread: