Divergence on EUR/GBP

Divergence on EUR/GBP

Since the beginning of this week, there have been aggressive sales of EUR/GBP. Nevertheless, a technical correction is not ruled out in the near future. At the moment, a fairly strong reversal formation, the price and the MACD histogram divergence (M30 timeframe), was formed. The local resistance is 0.88100. We recommend you to pay attention to this situation.

If the price fixes above the resistance level of 0.88100, you need to look for entry points to the market to open long positions. The closest target for profit taking is the 0.88500 mark. In the medium term, EUR/GBP may reach a round of 0.89000. When tracking the position, we recommend using a trailing stop.

by JustForex, 2017.11.30

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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