EUR / GBP ncav Oversold Thaj Chaw ntawm Qib 0.90100, Uptrend Nyaj

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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 EUR/GBP pair is in an uptrend. The pair reached the overbought region as sellers emerge to push prices down. The retracement is done as the pair resumes an upward move. The overhead resistance has not been breached since March. The first attempt at the resistance was on June 29.

EUR / GBP - Daim Ntawv Niaj Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
The 50-day SMA and 21-day SMA are sloping upward. It indicates that the pair is in an uptrend. The market has fallen to level 53 of the Relative Strength index period 14. It implies that the market is in the uptrend zone and above the centerline 50. Sellers have emerged to push prices down.


EUR / GBP Nruab Nrab Sijhawm Nruab Nrab: Bullish
On the 4-hour chart, the pair was earlier in an uptrend. The price has fallen to level 0.90230. At the recent low, the market is consolidating above it. The price is already in the oversold region suggesting buyers to emerge.

EUR / GBP - 4 Teev Sij Hawm

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
The 50-day and 21-day SMAs are sloping downward. It indicates that the market is in a downward move. The pair is below 20% range of the daily stochastic. It implies that the market is now in an oversold region of the market. EUR/GBP will soon make an upward move.

General Outlook rau EUR / GBP
The EUR/GBP pair has fallen to the oversold region. That is selling pressure is likely to have been exhausted. The price is currently consolidation above the current support.


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