The pullback from 0.8900 is pressuring critical support at the 0.8830 weekly low of 21 January, where oversold intraday studies could prompt short-term consolidation.
Daily stochastics have ticked lower, however, and the Tension Indicator is flattening, highlighting a deterioration in
EURGBP sentiment and scope for a later break. A close below 0.8830 will extend broad September losses towards the 0.8815 Fibonacci retracement, where fresh consolidation could unfold. However, weekly charts are turning down, highlighting risk of a later break and deeper losses towards the 0.8690 low of May 2020.
Meanwhile, a close above 0.8900 would help to stabilise price action and put prices into consolidation below 0.8950.
Daily stochastics have ticked lower, however, and the Tension Indicator is flattening, highlighting a deterioration in
EURGBP sentiment and scope for a later break. A close below 0.8830 will extend broad September losses towards the 0.8815 Fibonacci retracement, where fresh consolidation could unfold. However, weekly charts are turning down, highlighting risk of a later break and deeper losses towards the 0.8690 low of May 2020.Meanwhile, a close above 0.8900 would help to stabilise price action and put prices into consolidation below 0.8950.
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We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.