UPDATED PRICE ACTION VIEW OF EURGBP

9 déc. 2017

Irish border deal wasnt that good for GBP as expected. Still GBP is in Bearish intact, so stay in BULL side with EURGBP pair would be beneficial according to my analysis. In chart above price has been stuck into very strong support which was a strong resistance before. Any negative statement from Irish leaders or EU or DUP regarding brexit deal will help the EUR to lift up higher. GBP vs USD didnt make well either. any impact on GBPUSD pair will effect the EURGBP as well. Ahead US interest rate is on the way, concerning to dump the GBP lower to 1.28000 level or below so mind it GBP is getting weaker. other hand EUR is already touching the peak which means EUR is much strong then GBP, thats why GBP failed to go below .87000 level. Stochastic and RSI both screaming by itself, EUR is going higher and GBP is gonna fell down sharply in coming days.

9 déc. 2017

Note

week wrapped up with bullish piercing line pattern. right on the strong support with all indicators in the long ideas favor.