Technical Analysis – EURGBP finds support near trendline; next resistance at 0.8568

EURGBP refused to close below the 50-period simple moving average (SMA) in the four-hour chart and the supportive trendline, raising optimism that the upward pattern could see further continuation even if the flattening SMAs are providing little hope for an uptrend improvement at the moment.

The 0.8568 level is the nearest barrier, which the bulls need to successfully overcome in order to rally towards the previous peak of 0.8592 and the 61.8% Fibonacci of the 0.8668 – 0.8449 downleg. But bullish signals are still feeble as the recent rebound in the RSI is not convincing yet, while the MACD is still stuck below its red signal line despite slowing its negative momentum. Overall, a sustainable move above July’s top of 0.8668 is required to bring the bullish outlook in the broad picture back into play.

On the downside, a step below the trendline could find immediate support near its 50- and 200-period SMAs, while not far below, the 38.2% Fibonacci of 0.8531 could prevent a freefall towards the 0.8508 – 0.8500 territory, where the 23.6% Fibonacci is also located. The 0.8482 handle could be the next pivot point if selling forces persist.

All in all, EURGBP still looking neutral in the very short-term picture. A close above 0.8568 could confirm additional upside corrections, though in the big picture, only a bounce above the 0.8668 top would shift the outlook to bullish.  


Fed meeting: Will asset purchases end early? – Forex News Preview

Technical Analysis – AUDJPY bearish trajectory strengthens with dip below 81 level

US Open Note – US stocks remain pressured amid rising geopolitical risks

Daily Market Comment – Equities remain pressured as traders weigh Fed and geopolitical risks

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明