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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURGBP 28.04.2021

Technical Analysis
Wednesday, April 28, 2021 - 15:46
Point Trader Group
EURGBP 28.04.2021

Overview: 

Prices are moving in a short term downtrend 

Expected scenario: 

We note on the above chart that the pair is trading below a strong resistance level around 0.8730, which enhances the chances of a downside during today's trading to 0.8620. 

Alternative scenario: 

On the other hand, we see that if the 0.8730 level is broken to the upside, this pair may push further up to 0.8800.

 

Resistance levels0.87180.87300.8800
Support levels0.86300.86000.8580

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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