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.
Key Resistance Levels: 0.9200, 0.9400, 0.9600
Key Support Levels: 0.8800, 0.8600, 0.8400
EUR/GBP Price Long-term Trend: Bearish
The EUR/GBP pair is in a bear market. The price is correcting upward but faces resistance at 0.90000. The bulls tested the same resistance twice without breaking it. The price has formed a double top signaling a downward movement of price.
Daily Chart Indicators Reading:
The pair is at level 62 of the Relative Strength Index period 14. This implies that the market is in the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping upward indicating the uptrend
EUR/GBP Medium-term Trend: Bearish
On the 4-hour chart, the EUR/GBP pair is in an upward move. A correction candle body is testing the 0.786 Fibonacci retracement level. This determines how far the currency pair will rise and reverse. The 0.786 retracement level indicates that the pair will reverse at 1.272 Fibonacci extension level. This is equivalent to the price level of 0.90000.
4-hour Chart Indicators Reading
The 50-day and 21-day SMA are sloping upward indicating the uptrend. The pair is about 80% range of the daily stochastic. This implies that the market is in the overbought region. Sellers may likely emerge to push prices downward.
General Outlook for EUR/GBP
The EUR/GBP pair is currently in the overbought region. The Fibonacci indicates that the market will rise and reverse at level 0.90000. The pair is likely to be on a downward move after the resistance.
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 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
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
