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EURGBP Further down the Channel? 14.02.2023 The pair has been moving downwards the last few days, in something that looks like a channel. However is stable and always trades below the Moving average. A significant support just broke signaling a potential move downwards. The arrow shows the potential stop of the rapid move downwards. Caution is advised though since important figures are going to be released today at 15:30 GMT+2 affecting the dollar and in turn it might affect these two pairs as well. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
1
EURUSD STRONGLY BEARISH BELOW 1.1620The euro currency has fallen below the 1.1600 support level against the US dollar, after a key technical break below the previously mentioned symmetrical triangle pattern. The EURUSD pair retains a strong intraday bearish bias while trading below the 1.1620 level. Sellers will now target the 1.1508 support level, while buyers need to hold price above 1.1620 resistance level. The EURUSD pair is strongly bearish while trading below the 1.1620 level, key support is now found at the 1.1550 and 1.1508 levels. If the EURUSD pair trades above the 1.1620 level, buyers may test toward the 1.1630 and 1.1650 resistance levels.
by OctaFX_Official