Forecast for EUR/GBP on September 17, 2024 If we consider the time scale of one hour. It is impossible not to notice that the price developed above the trend line, from which it made a sharp rebound upward with each decline to it. And one could...
In the assessment of the EUR/USD currency pair, the price is testing a resistance level of 1.1140. Resistance acts like a barrier that prevents the price from rising further. When the price hits this level, it might struggle to break through and...
Fundamental Scenario of GBP/USD The GBP/USD currency pair has recently gained positive momentum, especially after surpassing the 1.3200 level on Wednesday. This movement is mainly influenced by risk-on sentiment in the market, which means investors...
A bearish engulfing and a bullish engulfing are two important candlestick patterns in technical analysis that indicate potential market reversals. Traders often rely on these patterns to make decisions about entering or exiting positions, especially...
EUR/GBP I am looking at the euro pound pair on the hourly chart. The pair was trading in a range, in a range above the resistance of 0.84174. The seller was gaining volume there and after that the pair seemed to start declining, but then it went a...