Overall view of EURGBP - Update of July 15th's week
The EURGBP pair has formed a regular upward channel which brought prices to the current yearly high. At every spike, there is a noticeable bearish pressure. The security is now consolidating and subjected to a selling pullback testing the active demand level. The bullish channel broaden by the slight decrease in volume displays increasing odds of a bearish trend debut.
Possible Targets: @0.89200 (+30 pips) or @90100 (+20 pips) in case of a bullish resumption.
Advice: Stay bearish and sell at any high level while we don't break upside @0.89800 level implying a bullish resumption.
Possible Targets: @0.89200 (+30 pips) or @90100 (+20 pips) in case of a bullish resumption.
Advice: Stay bearish and sell at any high level while we don't break upside @0.89800 level implying a bullish resumption.
Note
The demand level could not be broke downside. After reaching @0.89800, the trend is heading @90100.Trade fermée: cible de profit atteinte
Upside target reached
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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.