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Key Resistance Levels: 0.9200, 0.9400, 0.9600
Key Support Levels: 0.8800, 0.8600, 0.8400
EUR / GBP Priis Lange termyn Trend: Bullish
The EUR/GBP pair is in a sideways move in May and June. The pair is still fluctuating between levels 0.89000 and 0.90000. The market is currently fluctuating upward to reach the upper price range. Presently, price is approaching the overbought region. The implication is that the pair will be on a downward move.
Yndyske oantsjuttings foar lêzen fan kaart:
It pear is fallen nei nivo 58 fan 'e Relative Strength-yndeksperioade 14. Dit betsjut dat de merk yn' e uptrend-sône is en boppe de middenline 50. De 50-dagen SMA en 21-dagen SMA binne horizontaal slop, wat oanjout fan 'e sydlingsbeweging.
EUR / GBP Trend op middellange termyn: fariearjend
On the 4-hour chart, the EUR/GBP pair is in a sideways trend. The price is fluctuating between level 0.89000 and 0.90000. The market is approaching level 0.90000, the overbought region. In the overbought region, the pair may begin a downward move.
4-oere grafyske yndikatoaren lêze
The 50-day and 21-day SMA are sloping horizontally indicating a sideways move. The pair is above 80% range of the daily stochastic. It indicates that price is in the overbought region. The presence of sellers is likely to emerge in the overbought region to push prices down.
Algemiene Outlook foar EUR / GBP
The EUR/GBP pair is in a sideways trend. The market has reached the overbought region. As soon as the price reaches overbought amount, a downward move will follow.
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