EUR/GBP levels: The bias remains bullish
|EUR/GBP
The bias remains bullish.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.8870
Our preference
Long positions above 0.8870 with targets at 0.8900 & 0.8915 in extension.
Alternative scenario
Below 0.8870 look for further downside with 0.8855 & 0.8840 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/CHF
1.1647 is our pivot (invalidation) point.
Our preference
The upside prevails as Long as 1.1647 is support.
Alternative scenario
The downside breakout of 1.1647 would call for 1.1627 and 1.1615.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.1660 and 1.1661).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.