- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- EURGBP Price Analysis: Test of an accumulation breakout around 0.8800 looks imminent
EURGBP Price Analysis: Test of an accumulation breakout around 0.8800 looks imminent
- A test of accumulation breakout around 0.8780 will infuse confidence in the Euro bulls.
- Advancing 20-and 50-EMAs add to the upside filters.
- The RSI (14) has shifted into the bullish range, which indicates more upside ahead.
The EURGBP pair is displaying back-and-forth moves in a narrow range below the critical hurdle of 0.8820 in the Tokyo session. The cross registered a perpendicular upside move on Wednesday after surpassing the critical hurdle of 0.8740. The asset is showing strength ahead of the UK Gross Domestic Product (GDP) data, which will release on Friday.
On a four-hour scale, the cross has delivered a breakout of the accumulation phase that indicates a transfer from inventories from retail investors to institutional participants. A confident breakout usually tests the breakout region before resuming a rally.
The 20-and 50-period Exponential Moving Averages (EMAs) at 0.8716 and 0.8753 respectively are advancing, which adds to the upside filters.
Also, the Relative Strength Index (RSI) (14) has shifted into a bullish range of 60.00-80.00, which indicates that the upside momentum is intact.
For a rally, the cross is expected to test the breakout region around October 21 high of 0.8781, which will drive the asset towards Wednesday’s high at 0.8829. A breach of the latter will send the cross toward October 12 high at 0.8867.
Alternatively, the Pound bulls could regain strength if the asset drops below Monday’s low at 0.8690. An occurrence of the same will drag the asset toward October 26 low at 0.8646, followed by October’s low at 0.8572.
EURGBP four-hour chart
-638036383554225922.png)
© 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
