- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- EUR/GBP Price Analysis: Bulls approach 0. 8700 inside ascending triangle
EUR/GBP Price Analysis: Bulls approach 0. 8700 inside ascending triangle
- EUR/GBP picks up bids to reverse Friday’s losses.
- Successful rebound from 21-SMA, bullish chart formation favor buyers.
- Sellers need to break 100-SMA to retake control, 61.8% FE acts as additional upside filters.
EUR/GBP bulls keep reins around 0.8680-85 inside a weekly ascending triangle formation during early Monday morning in Europe. In doing so, the cross-currency pair teases buyers ahead of the UK’s data dump for July.
That said, the quote’s latest rebound took place from the 21-SMA, which in turn gained support from the upward sloping RSI (14), not overbought, to keep buyers hopeful.
Hence, a descending resistance line from Thursday, around the 0.8700 threshold is likely to gain the intraday trader’s attention.
Following that, the latest high near 0.8715 and the stated triangle’s resistance line near 0.8720 could test the EUR/GBP bulls.
Also acting as an upside hurdle is the 61.8% Fibonacci Expansion (FE) of the pair’s moves between August 25 and September 05, around 0.8725.
Alternatively, pullback moves remain elusive until the quote stays beyond 0.8670 support confluence, including the 21-SMA and the aforementioned triangle’s support line.
If the EUR/GBP bears manage to conquer the 0.8670 support, the 0.8600 round figure could entertain them before directing them towards the 0.8565-60 level including the 100-SMA and the latest August swing low.
EUR/GBP: Four-hour chart
Trend: Limited upside 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.
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.
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
