www.varchev.com

EUR / GBP Possible correction testing 0.7240

EUR / GBP Possible correction testing 0.7240

At a price above 0.7215 – long test of resistance 0.7240, from where we will have good levels to sell.

Alternative scenario: In a closed bar on 4-hour chart below 0.7215 – Short possible.

Comment: Ascending divergence in the MACD. When you break the RSI above level 30 – signal buy.Dalgosrochnoto movement Short stays due to speculation about the recent increase in interest rates in the UK. Today markets are awaiting the meeting of finance ministers in the euro area.

Varchev Finance


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance