EURGBP falls to lower Bollinger Band

22 April, 2015

EURGBP fell back to the lower Bollinger Band bringing the bias back to bearish. Momentum is also bearish as the RSI is below 50.

The intra-day bias is neutral as the pair has been consolidating around 0.7163 and 0.7234. A move below the lower range would open the path towards the March low at 0.7013. Alternatively a bounce higher could see at retest of 0.7384.

The overall outlook is bearish and the downtrend from 0.8037 (November 2014 high) is still in progress. Clearer signals are needed to confirm if the downside bias will resume after the recent bounce from 0.7013 to 0.7384.


Source link  
Tensions look set to escalate

Chinese trade figures for August will be made public on Saturday, with the numbers being scrutinized for any negative effects stemming from US tariffs...

UK GDP next on the horizon

The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE...

Manufacturing PMI next to drive euro

Eurozone economic performance has been in question in the second quarter of 2018 ever since a row of soft data raised concerns that the slowdown registered...


Dollar eyes Fed minutes

The Fed will release the minutes from its June policy meeting on Thursday, at 1800 GMT. Not only did policymakers raise interest rates for a second time this year at that...

Dollar close to erasing post-election gains

The US dollar rally suffered a major setback on Friday after the Trump administration failed in its attempts to repeal and replace Obamacare...

EURGBP bearish in lower Bollinger Band

EURGBP fell below its 20-day moving average on Monday to a low of 0.7140. The downside bias remains strong after the pair failed to close...


EURUSD bullish after breaking above 100-day moving average

EURUSD has been gaining momentum and reached fresh 3-month highs of 1.1370 in early European session trading on Thursday...

EURUSD breaks above Ichimoku cloud

EUR/USD is looking more bullish after breaking above the daily Ichimoku cloud last week. The pair remains outside the cloud...

GBPUSD downside bias strong after reaching 5-year low

GBPUSD fell to the lowest level since 2010 on Monday, touching 1.4564. The pair failed to break above resistance of 1.5008 and now...


In the past 24 hours Bitcoin has gained 4.77% and reached $6591.3675012. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.5919% and is now at $1.1596. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -8.94% and is now at $209.061360002. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: