EURGBP: Testing the 1D MA100 inside diverging Channels.
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested four times as Resistance and it rejected the price three. Only then it closed a 1D candle over it, did the trend manage to continue rising past it.
Consequently, if it closes a candle over the 1D MA50, we will go long and target the R1 level (TP = 0.87650). If rejected, we can see a Channel Down emerging much like last May-July. In that case, we will short and target the S2 level (TP = 0.85000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Consequently, if it closes a candle over the 1D MA50, we will go long and target the R1 level (TP = 0.87650). If rejected, we can see a Channel Down emerging much like last May-July. In that case, we will short and target the S2 level (TP = 0.85000).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。