EUR / GBP Rebounds, Upward Tsiv Zoo Li

Azeez Mus

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Theem Kuj Theem: 0.9200, 0.9400, 0.9600
Cov Ntsiab Pab Txhawb: 0.8800, 0.8600, 0.8400

EUR / GBP Nqe Ntev Luv luv: Bullish
The pound has been falling for the past three days. It fell to level 0.89800 and pulled back. The current support is having strong buying pressure. It appears the selling pressure has been exhausted.

EUR / GBP - Daim Ntawv Niaj Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
The 50-day and 21-day SMAs are sloping upward indicating the uptrend. The pair is at level 49 of the Relative Strength Index period 14. The pound is below the centerline 50. It appears that there is a balance between supply and demand.

EUR / GBP Nruab Nrab Sijhawm Nruab Nrab: Bullish
On the 4-hour chart, the EUR/GBP pair is on an upward move. Following its rejection at level 0.9200, the pair has fallen to level 0.9000. The Pound has fallen to the oversold region. The price action is showing bullish signals which indicate the likelihood of buyers’ emergence.

EUR / GBP - 4 Teev Sij Hawm

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
Lub 50-hnub SMA thiab 21-hnub SMA yog cov swb nce toj. Cov khub qis dua 20% ntawm qhov stochastic txhua hnub. Nws qhia tias tus Phaus nyob hauv lub zog qeeb.

General Outlook rau EUR / GBP
The Pound has fallen to the oversold region of the market. Bullish signals are indicating the likelihood of an upward movement of the pound. The current support has been holding for the past two days. The market will move up if the support holds.



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Azeez Mus

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