EUR/GBP carved a bearish candlestick pattern on Tuesday. A move above 0.9140 is needed to invalidate bearish pressures. On Tuesday, EUR/GBP fell by over 0.70% from 0.9135 to 0.9160, forming a bearish marubozu candle, which comprises of big red body and little or no wicks. The bearish marubozu validates the buyer exhaustion signaled by the multiple rejections near 0.9140 observed in the preceding seven days. As such, the pair risks falling to the 50-day simple moving average (SMA) support, currently at 0.9006. At press time, the pair is trading at 0.9072, representing a 0.14% gain on the day. The outlook would turn bullish if and when the pair succeeds in establishing a strong foothold above 0.9140. Daily chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next IOTA Market Update: IOT/USD Ichimoku Kinko Hyo bullish set up to $0.30 FX Street 3 years EUR/GBP carved a bearish candlestick pattern on Tuesday. A move above 0.9140 is needed to invalidate bearish pressures. On Tuesday, EUR/GBP fell by over 0.70% from 0.9135 to 0.9160, forming a bearish marubozu candle, which comprises of big red body and little or no wicks. The bearish marubozu validates the buyer exhaustion signaled by the multiple rejections near 0.9140 observed in the preceding seven days. As such, the pair risks falling to the 50-day simple moving average (SMA) support, currently at 0.9006. At press time, the pair is trading at 0.9072, representing a 0.14% gain on the day. The outlook would… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
