EUR/GBP may fall to 0.8407 - 0.8450
BY Trading Central
|4 16, 2024ST: the downside prevails as long as 0.8597 is resistance
Our pivot point is at 0.8597.
Our preference
The downside prevails as long as 0.8597 is resistance.
Alternative scenario
Above 0.8597, look for 0.8669 and 0.8711.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8560 and 0.8550).
Supports and resistances
0.8711 **
0.8669 *
0.8597 **
0.8569
0.8538 last
0.8450
0.8407 **
0.8364 *
0.8322 **
Number of asterisks represents the strength of support and resistance levels.
© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.
Technical Event® is a registered trademark of Trading Central.
Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.
Related Posts
Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage.