EURGBP Will Move Lower! Short!

21 בדצמ׳ 2023

Take a look at our analysis for EURGBP.

Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 0.865.

Taking into consideration the structure & trend analysis, I believe that the market will reach 0.860 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

18 בינו׳

עסקה סגורה: היעד הושג

That was an excellent trade and the target was reached too!