EUR/GBP Technical Analysis: Focus on today's close
|EUR/GBP created a classic doji candle yesterday, signaling indecision in the market place. A close below 0.8666 today would signal a continuation of the sell-off from the Feb. 14 high of 0.8840. A close above 0.8704 (previous day's high) would confirm the bull doji reversal.
Looking at the hourly chart, a daily close above 0.8704 looks likely.
Hourly chart
- As seen above, the pair has crossed the trendline sloping downwards from Feb. 14 highs and relative strength index (RSI) is biased bullish above.
Trend: Bullish above 0.8704
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.