Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
EUR/GBP dropped a little in the H1 chart at the time of writing trying to retest the support levels (resistance has turned into support). The bias is bullish in the short term after breaking above the downtrend line.
The pair is somehow expected to increase after some poor UK data reported today. The GDP increased only by 0.8%, versus the 1.5% estimate, the Industrial Production registered a 0.8% growth, below 1.3% expected, while the Manufacturing Production dropped by 0.1%, even if the specialists expected to see a 0.9% growth.
EUR/GBP H1 Technical Analysis!
EUR/GBP is testing and retesting the broken downtrend line, the Falling Wedge’s resistance. It’s located above the weekly pivot point (0.8584) level. Staying above these levels could bring a new upside momentum.
Still, we need confirmation before going long again. Technically, a new higher high could really activate a potential growth towards the 0.8615 static resistance.
Conclusion!
The current decline could be only temporary. EUR/GBP has come back down to test and retest the broken downtrend line. Jumping and closing above 0.8596 today’s high could bring a long opportunity.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus