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Berita trading
16 Apr 2015
EUR/GBP unable to recover above 0.7200
FXStreet (Córdoba) - EUR/GBP dropped marginally below yesterday’s low and reached at 0.7163, the lowest level since March 19. The euro was able to hold above the 0.7160 zone and recovered modestly.
The pair traded momentarily above 0.7200 but so far it is unable to hold. The short term trend continues to favor the downside. Around 0.7205/10 a short term downtrend line stands, a break higher could open the doors for a stronger recovery.
EUR/GBP limited between 0.7160 and 0.7230
Since April 6 the pair has been moving with a bearish bias, after being unable to break above 0.7400. During the last three days, the downside has been limited around 0.7160/70 while the upside by 0.7230/40, ending every day around 0.7200, where currently trades, unaffected by the ECB decision and Draghi’s press conference.
The pair traded momentarily above 0.7200 but so far it is unable to hold. The short term trend continues to favor the downside. Around 0.7205/10 a short term downtrend line stands, a break higher could open the doors for a stronger recovery.
EUR/GBP limited between 0.7160 and 0.7230
Since April 6 the pair has been moving with a bearish bias, after being unable to break above 0.7400. During the last three days, the downside has been limited around 0.7160/70 while the upside by 0.7230/40, ending every day around 0.7200, where currently trades, unaffected by the ECB decision and Draghi’s press conference.