EUR / GBP Retests Level 0.9080, maliteghachi Mgbaga

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Ọkwa Nchịkwa Isi: 0.9200, 0.9400, 0.9600
Ntọala Nkwado Isi: 0.8800, 0.8600, 0.8400

EUR / GBP Ahịa Ogologo Oge: 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.

Chart egosi na-egosi:
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 Mkpụrụ nke oge ọkara / GBP: 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.

Ihe ngosi Chart nke oge 4 Readinggụ ihe
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 maka 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.



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