EUR/GBP analysis

[Bennie Carey]

If you check out the RSI and moving average then you can see that market has the opportunity to come down and making an environment to the retail sellers indeed. So to the sellers than the entry point to them will be at 0.8928 and the target point is at 0.8886.

 

[Guest alpariJose]

I think if we can break above the 0.90 level above, that then freezes market to go to the 0.93 handle after that. I think that the 0.8750 level below will be massively supportive, so if we were to break down below there I think the sellers would overwhelm the market. Currently though, even with the very soft Euro during the trading session on Tuesday, I think we will eventually find buyers to pick this market up yet again, as we continue to find plenty of resiliency in the uptrend that has been in effect for quite some time. In general, the volatility will continue based upon headlines, but longer-term I still believe in the upside overall. You can learn more about forex in https://alpari.com/en/school/

[Marco]

Right now the pair is in a descending trend, but I'm expecting the opposite movement at the 161,8 level.