EUR/GBP Technical Analysis: Breakdown Confirmation Pending

| 15 juni, 2015 | 0 kommentarer

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/GBP Technical Strategy: Flat
  • Support: 0.7225, 0.7174, 0.7124
  • Resistance: 0.7287, 0.7326, 0.7388

The Euro is a attempting to clear a path toward support below the 0.72 figure against the British Pound. A daily close below the 38.2% Fibonacci retracement at 0.7261 exposes the 50% level at 0.7221. Alternatively, a move above the 38.2% Fib expansion at 0.7391opens the door for a challenge of the 50% threshold at 0.7430.

Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a long or short trade. We will continue to remain on the sidelines for the time being, waiting for a compelling opportunity to present itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/GBP Technical Analysis: Breakdown Confirmation Pending

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *