Trading suggestion: There is possibility of temporary retracement to suggested resistance zone (0.9150 to 0.9305), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Technical analysis: .A vale is formed in daily chart at 0.8760 on Fri, 12/15/2017, so more gains to resistance(s) 0.8930, 0.9045 and maximum to resistance zone (0.9150 to 0.9305) is expected. .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. .Relative strength index (RSI) is 55. .Current short-term is range bound, but resumption of downtrend is expected.
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EURGBP , Weekly Update: TP6 hit. New buy opportunity Trading suggestion: There is possibility of temporary retracement to suggested resistance line (0.8970), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Technical analysis: .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. .Relative strength index ( RSI ) is 51. .Current short-term is range bound, but resumption of downtrend is expected.