EUR/GBP Retests Level 0.9080, Resumit deorsum Move

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Results

Resistentia key gradus: 0.9200, 0.9400, 0.9600
Key gradus Support: 0.8800, 0.8600, 0.8400

EUR / GBP Long-term Fossa Price: INDOCTUS
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.

Charta cotidiana lectio Indicatores,
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-terminus Trend: INDOCTUS
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.

Top IV-hora lectio Indicatores
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.

Generalis pro Outlook 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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