EURGBP#1--->Waiting time:

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#Technical_analysis and #Orders

Good day, dear #investors and colleagues #traders!

Your attention a technical analysis of the currency pair #Eurgbp:

#Comment_to_past_week:

The currency pair continued to grow last week, rising by the end of the week by 53 points (0.62%). However, the dynamics of the currency pair was not as straightforward as it was before, and the upward trend was replaced by consolidation.

#Technical analysis:

Globally (D1):

The bulls failed to break above the level of 0.8688 (38.2% Fibonacci), and this suggests that the pair should go to 0.8539.

Locally (H1-H4):

The currency pair began to form a consolidation or range trading between the levels of 0.8742 and 0.8593 breakdown and consolidation of any of these boundaries, potentially gives us goals for movements:
A) Breakdown up: 0.8810;
B) Breakdown down: 0.8514;

A) Support: 0.8582 & 0.8512;
B) Resistance: 0.8736 & 0.8813;

#Deal: Neutral attitude to open positions.

At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of the price, although a week ago they recommended selling from 0.8702.

Trend indicators on the hourly time frame also suggest a sale.

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”

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