years on the market

EURGBP analysis 10.02.2020

The overall trend is downward. The pair is trading in the range of the round important level of 0.8500. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness.

Trading recommendations:

Sell while a descending pattern is forming, where the wave (aC) breaks through the inclined channel of the ascending truncated pattern of the H1 level.

Stop loss for the round secondary level 0.8520.

Target levels: 0.8435; 0.8400.

Other reviews

Choose your language