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
EUR/GBP has been on a downward move since September 11. On October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This implies that the pound will fall and reach level 2.0 Fibonacci extension. That is the low of level 0.8865.
Daily Chart Indicators Reading:
The 50-day and 21-day SMAs are sloping horizontally indicating the previous trend. The pair is at level 45 of the Relative Strength Index period 14. The pair is below the centerline 50 and in the downtrend zone.
EUR/GBP Medium-term Trend: Bearish
On the 4-hour chart, the EUR/GBP pair is on a decline. On October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This indicates that the pound will fall and reach a level 2.0 Fibonacci extension. That is the low level of 0.8912.
4-hour Chart Indicators Reading
The 50-day SMA and 21-day SMA are sloping downward. It indicates the downtrend. The pair is above the 35% range of the daily stochastic. The Pound is in bullish momentum.
General Outlook for EUR/GBP
The EUR/GBP pair is currently falling on a downward move. According to the Fibonacci tool analysis, the pair will reach level 0.8917 and continue the downward move.
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