OctaFX | OctaFX Forex Broker
সাইন-ইন
অ্যাকাউন্ট খুলুন
Back

EUR/GBP caution prevails – Commerzbank

FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent price action seen in the cross prompts some cautious trading.

Key Quotes

EUR/GBP is consolidating/upside corrective”.

“Rallies will find tough resistance at the 55 day ma at .7987 and Fibo resistance at .7998.

“The daily Elliott wave count is suggesting this is the end of the corrective move up”.

“The pattern however is not clear. It is possible that the chart is forming an inverse head and shoulders pattern, however we suspect it is in fact a rising wedge – so extreme caution is necessary”.

“The uptrend and 20 day ma will prove key we suspect and failure will trigger losses to the .7873 recent low and then the downside measurement from the wedge at .7820”.

German ZEW and US confidence gauge in the spotlight today – Danske Bank

According to Pernille Nielsen, Chief Analyst at Danske Bank, just a couple of data releases will grab investors’ attention today....
আরও পড়ুন Previous

USD/JPY – it’s good to be loved by traders

USD/JPY posted 5-day high at 102.35, and is hesitating weather it should go higher.
আরও পড়ুন Next
Start livechat