0,8495. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR GBP. The price should find a resistance below 0,8505 (10 pips). The downtrend should continue to gather momentum.
Resistances
0,8505 - 0,8545
Supports
0,8450 - 0,8400

tags: Forex, eurgbp
author: Arnaud Jeulin
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