EUR/GBP Price Analysis: Looks set for further downside towards 0.8300
10.01.2022, 07:02

EUR/GBP Price Analysis: Looks set for further downside towards 0.8300

  • EUR/GBP remains pressured around 23-month low, seesaws near intraday bottom of late.
  • Weekly support line can test bears before directing them to 61.8% FE.
  • Horizontal area from last Monday, 200-HMA challenges buyers.
  • Bearish MACD signals, failures to stay beyond 100-HMA favor sellers.

EUR/GBP fades bounce off intraday low near 0.8340 heading into Monday’s European session.

In doing so, the cross-currency pair extends Friday’s breakdown of the 100-HMA amid bearish MACD signals.

That said, the latest weakness eyes an upward sloping trend line from the last Wednesday, near 0.8338, before retesting the multi-day low marked on January 05, around 0.8335.

It’s worth noting that the quote’s weakness past 0.8335 will make it vulnerable to test the 61.8% Fibonacci Expansion (FE) of January 01-06 moves, near 0.8315. Following that, the year 2020 bottom surrounding 0.8280 will be crucial to watch.

Meanwhile, 100-DMA and one-week-old horizontal area, respectively near 0.8352 and 0.8372, restrict the quote’s short-term advances.

Even if the EUR/GBP prices rally beyond 0.8372, the 200-HMA level of 0.8375 and November’s low of 0.8380 will act as extra upside filters before activating a corrective pullback that can target the 0.8400 threshold.

EUR/GBP: Four-hour chart

Trend: Further weakness expected

 

© 2000-2024. 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