Close Menu
My Forex View

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Please enable JavaScript in your browser to complete this form.
    Loading
    What's Hot

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024

    Daily Comment – Soft PCE inflation keeps rate cut hopes alive, but markets stay cautious

    December 23, 2024

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024
    Facebook X (Twitter) Instagram
    • Live Market
    • Learn Forex Trading
    • Technical Analysis
    Facebook X (Twitter) Instagram Pinterest Vimeo
    My Forex ViewMy Forex View
    • Home
    • Live Market
      • GBPUSD
      • EURUSD
      • USDJPY
      • XAUUSD
      • All Currency Pair
      • All Commodities Pair
    • Analysis
    • Free Forex Signals
    • Education
    • Tools
      • Economic Calendar
      • Currency Converter
      • Risk of Ruin Calculator
      • Pivot Points Calculator
      • Crypto Exchange Fees Calculator
      • Fibonacci Calculator
      • Forex Rebates
      • Margin Calculator
      • Compounding Calculator
      • Profit Calculator
      • Pip Calculator
      • Lot Size Calculator
      • Drawdown Calculator
    • Blog
    Join Telegram
    My Forex View
    Home » Technical Analysis – EURGBP tilts to the upside in near term
    EURGBP

    Technical Analysis – EURGBP tilts to the upside in near term

    Melina DeltasBy Melina DeltasAugust 21, 2024Updated:November 7, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Pinterest Email
    • EURGBP rebounds off 0.8510
    • Prices remain above downtrend line
    • RSI and MACD above their mid-levels

    EURGBP looks to be creating a floor around the 0.8510 support level, with strong obstacles coming from the 200-day simple moving average (SMA) near 0.8545. The pair is developing above the downtrend line but still needs some boost to confirm the bullish structure in the short-term view. The RSI is moving horizontally slightly above the neutral threshold of 50; however, the MACD is losing some steam beneath its trigger line.

    Traders, however, would be more eager to engage in buying activities if the price managed to surpass the 200-day SMA at 0.8545. If this is successfully breached, then the rally may next rest somewhere between 0.8590 and 0.8620.

    On the flip side, the selling pressure could accelerate again if the market deteriorates below the 0.8510 former strong support area. Such a move could next bring the 50-day SMA at 0.8470 under the spotlight, which, if violated, could trigger more losses, probably below the 0.8460 barricade. In brief, EURCHF is expected to show improvement if the price overcomes the 0.8620 resistance zone.

    Source by: XM Global

    Share. Facebook Twitter Pinterest LinkedIn Telegram WhatsApp Copy Link
    Previous ArticleTechnical Analysis – NZDUSD hits fresh 2-month high
    Next Article Technical Analysis – Gold bulls may rest after record high

    Related Posts

    Technical Analysis

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024
    Gold

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024
    Technical Analysis

    Technical Analysis – USDCHF bulls are back and want to stay

    December 13, 2024
    Top Posts

    Get a Free Xmaster Formula Indicator Forex for MT4

    July 30, 2024102 Views

    Technical Analysis – ETHUSD trades flat after ETF debut

    July 25, 202446 Views

    Traders Dynamic Index (TDI): Best Strategies and Settings

    August 16, 202441 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Get a Free Xmaster Formula Indicator Forex for MT4

    July 30, 2024102 Views

    Technical Analysis – ETHUSD trades flat after ETF debut

    July 25, 202446 Views

    Traders Dynamic Index (TDI): Best Strategies and Settings

    August 16, 202441 Views
    Our Picks

    Technical Analysis – USDJPY tests 158.00 level for first time in five months

    December 27, 2024

    Daily Comment – Soft PCE inflation keeps rate cut hopes alive, but markets stay cautious

    December 23, 2024

    Technical Analysis – Gold returns above uptrend line

    December 23, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Please enable JavaScript in your browser to complete this form.
    Loading
    © 2025 MyForexView.
    • Home
    • Analysis
    • Economic Calendar

    Type above and press Enter to search. Press Esc to cancel.