Will EURGBP- move this time to 0.8950?
EurGbP
1. Price Formation: The price has broken out from a Cup and Handle price formation on a daily chart. Previously, failed to move down from an M-formation and turned up.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21 > 200
5. Relative Strength Index (RSI): The RSI is >than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: to the bottom of the channel at 0.8950
1. Price Formation: The price has broken out from a Cup and Handle price formation on a daily chart. Previously, failed to move down from an M-formation and turned up.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a sign indicating short-term bullish momentum.
3. 200-day Moving Average is below the Price.
4. Thus, Mas 7>21 > 200
5. Relative Strength Index (RSI): The RSI is >than 50, indicating bullish momentum and potential further upward movement.
6. Price Target: to the bottom of the channel at 0.8950
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.