EUR/GBP - Target 0:87080
the RSI is oversold.
The MACD os below its signal line and negative and 50 EMA over the price.
Pivote point stand at 0.87760.
I Preference the dounside prevails as long as 0.8776
Alternative scenario. . above 0.8776 look for 0.8801 and 0.8816
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape. (look for bullish divergence in this case) The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stand below its 20 and 50 period moving average. ( respectively at 0.8780 and 0.8807)
the RSI is oversold.
The MACD os below its signal line and negative and 50 EMA over the price.
Pivote point stand at 0.87760.
I Preference the dounside prevails as long as 0.8776
Alternative scenario. . above 0.8776 look for 0.8801 and 0.8816
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape. (look for bullish divergence in this case) The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stand below its 20 and 50 period moving average. ( respectively at 0.8780 and 0.8807)
Trade fechado: objetivo atingido