EUR vs GBP

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INDICATOR
Opinion Short Term Negative
Resistance 1 0.9GBP
Support 1 0.87GBP
Opinion Mid Term Bearish
Support 2 0.86GBP
Resistance 2 0.91GBP

STRATEGY
Below 0.9 GBP the major trend remains bearish 0.87 GBP and then 0.86 GBP are in the line of sight. The surpassing of 0.9 GBP would cancel this anticipation and favor a recovery toward 0.91 GBP.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 0.89. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 0.87 GBP and the next is at 0.86 GBP; the resistances, located at 0.9 GBP and at 0.91 GBP must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 0.9GBP
Support 1 0.87GBP
Opinion Mid Term Bearish
Support 2 0.86GBP
Resistance 2 0.91GBP

STRATEGY
Below 0.9 GBP the major trend remains bearish 0.87 GBP and then 0.86 GBP are in the line of sight. The surpassing of 0.9 GBP would cancel this anticipation and favor a recovery toward 0.91 GBP.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 0.89. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 0.87 GBP and the next is at 0.86 GBP; the resistances, located at 0.9 GBP and at 0.91 GBP must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 0.9GBP
Support 1 0.86GBP
Opinion Mid Term Bearish
Support 2 0.86GBP
Resistance 2 0.9GBP

STRATEGY
Below 0.9 GBP the major trend remains bearish 0.86 GBP and then 0.86 GBP are in the line of sight. The surpassing of 0.9 GBP would cancel this anticipation and favor a recovery toward 0.9 GBP.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 0.89. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 0.86 GBP and the next is at 0.86 GBP; the resistances, located at 0.9 GBP and at 0.9 GBP must be exceeded for the trend to undergo a reversal.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 0.9GBP
  
• Support 1 0.86GBP
  
• Opinion Mid Term Bearish
  
• Support 2 0.86GBP
  
• Resistance 2 0.9GBP
  

STRATEGY
Below 0.9 GBP the major trend remains bearish 0.86 GBP and then 0.86 GBP are in the line of sight. The surpassing of 0.9 GBP would cancel this anticipation and favor a recovery toward 0.9 GBP.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 0.89. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 0.86 GBP and the next is at 0.86 GBP; the resistances, located at 0.9 GBP and at 0.9 GBP must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 0.9GBP
Support 1 0.87GBP
Opinion Mid Term Neutral
Support 2 0.86GBP
Resistance 2 0.91GBP

STRATEGY
Below 0.9 GBP the major trend remains bearish 0.87 GBP and then 0.86 GBP are in the line of sight. The surpassing of 0.9 GBP would cancel this anticipation and favor a recovery toward 0.91 GBP.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 0.89. The first support is at 0.87 GBP and, in the event of a breach of this level, a continuation of the correction towards 0.86 GBP is possible; to the upside, the first resistance is at 0.9 GBP, then the strongest level is at 0.91 GBP.

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INDICATOR
Opinion Short Term Positive
Resistance 1 0.91GBP
Support 1 0.87GBP
Opinion Mid Term Bullish
Support 2 0.86GBP
Resistance 2 0.92GBP

STRATEGY
Above 0.87 GBP the major trend remains bullish. 0.91 GBP and 0.92 GBP are in the line of sight. The breaking of 0.87 GBP would cancel this anticipation and favor a correction toward 0.86 GBP.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 0.9 GBP the cross corrected towards the 50-day moving average 0.89: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 0.87 GBP and 0.86 GBP. The resistances are at 0.91 GBP and 0.92 GBP.