Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
EUR/GBP: resistance defines everything
Information is not investment advice
EUR/GBP is trying to break higher after the consolidation that took the major part of this week. The big decision about the European recovery fund is getting nearer. Notice that there is a bearish resistance line going through the 2020 highs around 0.9115. A confirmation of the breakout to the upside will be necessary. The advance above 0.9115 will let the uptrend continue towards the June high at 0.9175 – be careful to wait for confirmation of a breakout. The overall outlook will remain positive as long as the price is above 0.9050. The slide below this point will spoil the correction and open the way down to 0.9015/00.
Trades idea for EUR/GBP
BUY 0.9120; TP 0.9170; SL 1.9105
SELL 0.9045; TP 0.9015; SL 0.9055
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
