Monday, October 14, 2019
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Technical Analysis – EUR/GBP violates key borders

EUR/GBP violates key borders; bearish near the oversold zone. EUR/GBP registered losses for the fourth consecutive week and bearish signals became stronger as the price failed to return above the upward support line, crossing instead under its shorter-term simple moving averages (SMA) and the Ichimoku cloud. The 50% Fibonacci of the up-leg from 0.8470 to 0.9323 managed

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Technical Analysis – EUR/GBP finds support on the trendline

EUR/GBP downside correction finds a base on ascending trendline. EUR/GBP remained below the 0.9100 level despite bouncing on the critical 3-month old ascending trend-line last week. With the RSI losing steam slightly under its 50 neutral mark and the MACD weakening below its red signal line, the short-term session is expected to appear neutral-to-bearish. The

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Technical Analysis – EUR/GBP uptrend pauses for breath

EUR/GBP recorded a steep rally in recent weeks to touch the 0.9325 area, before retreating somewhat. The price structure on the daily chart consists of higher highs and higher lows, while the 50-day simple moving average (SMA) has also crossed above the 200-day one, keeping the outlook positive overall. Momentum oscillators, however, suggest that

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