EUR/GBP Price Analysis: Bulls remain hopeful near 0.8350 while above 20-EMA
21.02.2022, 05:27

EUR/GBP Price Analysis: Bulls remain hopeful near 0.8350 while above 20-EMA

  • EUR/GBP has rebounded after forming lows around 0.8325.
  • The cross holds above 20-EMA, which keeps buyers hopeful.
  • The pair, however, trades in a falling wedge that risks downside.

The EUR/GBP pair has attracted significant bids after it tested Monday’s low at 0.8325. The shared currency has been underperforming against the pound since Wednesday after kissing the upper trendline of a falling wedge, which is placed from February 09 highs at 0.8450 on the hourly chart. The former has been a major barricade for the asset and is strictly restricting any upside in the asset.

EUR/GBP is trading in a falling wedge that signals downside but for now provides pullback towards the upper trendline followed by a significant downward move.

After getting buying interest from Monday’s low at 0.8325, the EUR/GBP pair has pierced the 20-period Exponential Moving Average (EMA), which is trading near 0.8339. The asset is holding above the 20-EMA, eyeing 0.8350 on the upside, followed by 0.8366.

The Relative Strength Index (RSI) (14) is oscillating in a 40.00-60.00 range, which is hinting at consolidation. However, the RSI has breached the trendline placed from 70.00 on Tuesday, which adds to the upside filters.

On the flip side, the view may negate if EUR/GBP slips below 0.8320 decisively. The weakness may drag the asset to January 31 lows at 0.8305 and February 03 lows at 0.8285.

EUR/GBP hourly chart

 

© 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