EURGBP falls to lower Bollinger Band

April 22, 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.

Publication source
XM information  XM reviews

January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

EXNESS Rating
FIBO Group Rating
FOREX.com Rating
Grand Capital Rating
FxPro Rating
Vantage FX Rating

24option Rating
Beeoptions Rating
Banc De Binary Rating
UKoptions Rating
Binary Brokerz Rating
Binary.com Rating