EURGBP analysis on dated 30-7-2019

351

The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 0.91100 and 0.90500]

Type: Intraday analysis

Recommendation: Buy/Buy limit @ 0.91100 Target: 60 pips

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