Home EUR/GBP Technical Analysis: Focus on today’s close
FXStreet News

EUR/GBP Technical Analysis: Focus on today’s close

EUR/GBP created a classic doji candle yesterday, signaling indecision in the market place. A close below 0.8666 today would signal a continuation of the sell-off from the Feb. 14 high of 0.8840. A close above 0.8704 (previous day’s high) would confirm the bull doji reversal.

Looking at the hourly chart,   a daily close above 0.8704 looks likely.

Hourly chart

  • As seen above, the pair has crossed the trendline sloping downwards from Feb. 14 highs and relative strength index (RSI) is biased bullish above.

Trend: Bullish above 0.8704

 

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.