Currency Analyst since 2010

EUR/GBP: trading signal

   By Leo Vereschag

Chart 1. Daily EUR/GBP

The pair’s likely to move up from the lower border. Of course, the longer-term trand is bearish, but now there’s a good support at 0.7880.

Trade signal

BUY: 0.7880-0.7910

Stop Loss: 0.7858

Take Profit: 0.7980

Chart 2. H4 EUR/GBP

The H4 chart signals that the market is oversold. The oscillator may fix above the 30 level during the next 4-8 hours. Taking into account the overall bearish trend we’d place take profit at the closest resistance level.

Conclusion: buy-signal is confirmed.

Scroll to top