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Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8790)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 0.8800, 0.8820, 0.8840.
- Alternative recommendation: buy entry is started from 0.8780, 0.8760, 0.8740.
The euro pound is moving in flat, thereby adjusting after yesterday’s decline.
EUR JPY (current price: 129.90)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the oversold zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 130.20, 130.40, 130.70.
- Alternative recommendation: buy entry is started from 129.80, 129.50, 129.30.
The euro remains under pressure, while limiting itself to oversold and supported by 129.50-30.
GBP JPY (current price: 147.70)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal-flat): the Tenkan-sen line is below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is started from 148.00, 148.40, 148.70.
- Alternative recommendation: buy entry is started from 147.60, 147.30, 147.00.
The pair by contrast, is limited to overbought, but maintains a downward trend.
EUR CHF (current price: 1.1950)
- Support levels: 1.1880, 1.1800, 1.1700.
- Resistance levels: 1.2030, 1.2100, 1.2150.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal-flat): the Tenkan-sen line is below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is started from 1.1960, 1.1980, 1.2000.
- Alternative recommendation: buy entry is started from 1.1940, 1.1920, 1.1900.
The pair maintains a sideways trend.