EURGBP Will Move Lower! Short!

2023年12月21日

Take a look at our analysis for EURGBP.

Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 0.865.

Taking into consideration the structure & trend analysis, I believe that the market will reach 0.860 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

Like and subscribe and comment my ideas if you enjoy them!

1月18日

交易結束：目標達成

That was an excellent trade and the target was reached too!