EUR/GBP – Correction likely if Asian session low is breached
Despite pair’s retreat from yesterday’s high of 0.8843, the subsequent rebound from the Asian session low of 0.8785 and a rise to 0.8810 suggests the pair may re-test 0.8843 again, although overbought RSI on the daily chart warrants caution.
Failure to hold above 0.88 levels if followed by a drop below 0.8785 would shift risk in favor of a deeper retracement to 5-DMA level of 0.8756.
Failure to hold above 0.88 levels if followed by a drop below 0.8785 would shift risk in favor of a deeper retracement to 5-DMA level of 0.8756.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.