EUR/GBP Price Analysis: Rebounds to 0.8350 but not out of the woods yet
05.01.2022, 05:36

EUR/GBP Price Analysis: Rebounds to 0.8350 but not out of the woods yet

  • EUR/GBP snaps the downbeat momentum, rebounds from two-year lows.
  • The cross clings to the critical daily support line at 0.8341.
  • RSI sits above the oversold region, keeping sellers hopeful.

EUR/GBP is attempting a bounce heading into the European session, having hit a new two-year low of 0.8335 in the Asian trading.

At the time of writing, EUR/GBP is trading at 0.8345, up 0.09% on the day, struggling to recapture the 0.8350 psychological barrier.

On the daily chart, the EUR/GBP cross has reclaimed ground above the two-month-long falling trendline support at 0.8341.

Although bulls remain cautious after the price closed Tuesday beneath the latter. A downside breakout from the trendline support open floors for a deeper decline towards the February 2020 trough of 0.8282.

The bears, however, need to crack the 0.8300 round level support beforehand.  

The 14-day Relative Strength Index (RSI) has rebounded from lower levels, supporting the corrective pullback in the pair. But the leading indicator sits above the oversold region, suggesting that there is more room left to the downside.

EUR/GBP daily chart

Alternatively, if the upturn in the spot gathers traction, then a rally towards 0.8400 will be inevitable. Tuesday’s high hangs around the round figure.

Fresh buying opportunities will emerge above that level, calling for a test of Monday’s high of 0.8419.

EUR/GBP additional levels

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik