Cross-rates signals: EUR/GBP is waiting for correction - Ester Holdings
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Cross-rates signals: EUR/GBP is waiting for correction

Cross EUR/GBP was in the oversold zone and is limited to psychology 0.8900 after another decline. It limits the possibility of continuing a downtrend without unloading the oversold pair in turn.

Therefore, with the return of the EUR/GBP cross above 0.8900, we should expect correction with the resistance level test: 0.8930-50. Support is located at the levels: 0.8880-70.


Read also: “ADX Indicator – Pros and Cons”

Hanzenko Anton

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