EUR/GBP Price Analysis: Monthly bullish channel, RSI conditions test bears above 0.8400
24.08.2022, 06:35

EUR/GBP Price Analysis: Monthly bullish channel, RSI conditions test bears above 0.8400

  • EUR/GBP prints three-day downtrend inside a bullish channel.
  • Failure to stay beyond 200-SMA, bearish MACD favor sellers.
  • Nearly oversold RSI line challenges further downside, 0.8410 is the key support.

EUR/GBP holds lower grounds near the intraday low bottom surrounding 0.8420 amid the early Wednesday morning in Europe. In doing so, the cross-currency pair drops for the third consecutive day as bears poke a one-week low.

It’s worth observing that the EUR/GBP pair’s failure to stay beyond the 200-SMA joins the bearish MACD signals to keep sellers hopeful.

However, the RSI (14) approaches the oversold territory, suggesting that the bears are running out of steam. Also likely to challenge the quote’s further downside is the support line of a one-month-old ascending trend channel, at 0.8410 by the press time.

In a case where EUR/GBP prices remain weak past 0.8410, the odds of witnessing a gradual south-run towards the monthly low near 0.8340 can’t be ruled out.

On the flip side, the 200-SMA level near 0.8445 guards the quote’s immediate upside ahead of the 0.8500 threshold. Following, that, the upper line of the stated channel, near 0.8520, could lure the pair buyers.

If the EUR/GBP bulls keep reins past 0.8520, the late July swing high of 0.8585 will be in focus.

EUR/GBP: Four-hour chart

Trend: Limited downside expected

 

© 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