EUR/GBP Weekly Analysis
"On Monthly:
Last month November, it makde a Bearish Engulfing Candle and break through S. 0.83400 & 0.82900 and it's going toward Monthly lower trendline and ultimately, to S. 0.81300 historical number.
Eventhough EMA 200 is below the price, the 50 and 20 are chasing the price down.
-- On Weekly:
The Bearish move is strong and continues.
All Three EMA, 200, 50 and 20 are above the price.
It's going down to touch past 52 Weeks Low after S. 0.82900.
--On Daily:
It doesn't give much more data than what we know from Monthly and Weekly.
All three EMA 200, 50, and 20 are above the price.
Price moving toward 0.82900 Historical Support.
-- On Hourly:
Price is moving down below all three EMAs.
It confirms the significant of 0.82900 Historical support as well as 52 Weeks Low (Yellow dotted line).
The potential Bearish entry would be 0.83100, if it comes up and touch and get rejectedon the lower time frame."
Last month November, it makde a Bearish Engulfing Candle and break through S. 0.83400 & 0.82900 and it's going toward Monthly lower trendline and ultimately, to S. 0.81300 historical number.
Eventhough EMA 200 is below the price, the 50 and 20 are chasing the price down.
-- On Weekly:
The Bearish move is strong and continues.
All Three EMA, 200, 50 and 20 are above the price.
It's going down to touch past 52 Weeks Low after S. 0.82900.
--On Daily:
It doesn't give much more data than what we know from Monthly and Weekly.
All three EMA 200, 50, and 20 are above the price.
Price moving toward 0.82900 Historical Support.
-- On Hourly:
Price is moving down below all three EMAs.
It confirms the significant of 0.82900 Historical support as well as 52 Weeks Low (Yellow dotted line).
The potential Bearish entry would be 0.83100, if it comes up and touch and get rejectedon the lower time frame."
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