07.10 - EUR/GBP prints mild losses after refreshing one week high
EUR/GBP drops to 0.9103, down 0.13% intraday, while heading into the European session on Wednesday. The pair surged to the highest since last Thursday but bearish MACD dragged the quote downwards from 0.9119. Even if the buyers manage to cross the 0.9120 immediate resistance, a falling trend line from September 11, currently around 0.9125, will restrict the EUR/GBP run-up towards the monthly peak of 0.9155.
It should, however, be noted that the bulls’ dominance past-0.9155 will not hesitate to challenge the last month’s high of 0.9291. Though, September 23 top close to 0.9220 can offer an intermediate halt during the rise.
Reprinted from toolstrades，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.