The secondary trend of EURGBP is sideways on charts. In its daily chart, the pair is consolidating with strong positive bias to give break out at upside. Its 30 and 200 DMA are also providing support to the bullish movement in the prices. If it crosses its resistance level of 0.7450 then we can expect it to show further upside movement in next few days.
INDICATORS:-
RSI - Prices are sustaining in buying territory, supporting the upside movement in the market.
MACD is sustaining in buying territory, supporting the upside movement in the market.
STRATEGY:- EURGBP is looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
INDICATORS:-
RSI - Prices are sustaining in buying territory, supporting the upside movement in the market.
MACD is sustaining in buying territory, supporting the upside movement in the market.
STRATEGY:- EURGBP is looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
EUR/GBP trend
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