HomeContributorsTechnical AnalysisEUR/GBP POC Zone Might Reject the Price

EUR/GBP POC Zone Might Reject the Price

As Article 50 has been enacted today, we saw EURGBP dropping prior to official announcement. At this point the EUR is dropping vs GBP but it might change soon. 0.8590-0.8605 (W L4, D L5, historical buyers) is the zone to look for longs. Bullish reversal candlestick pattern with a possible MACD divergence could be a trigger for a move to 0.8700 where D L3 might be retested. Have in mind that ATR has already been overshot so reversal move is more likely to happen.

Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading