Dukascopy

EURGBP 4H Chart: Confirms medium-term pattern

FX:EURGBP   歐元 / 英鎊
The common European currency has been bound in several long and medium-term patterns which have guided the currency pair lower since August 2017.
When taking a look at the price movement, the pair’s has been trading in a large-scale triangle which was formed in August. The Euro             bounced off the lower boundary of a medium-term pattern on January 24 and has since surged against the Pound Sterling             .
Meanwhile, EUR/GBP             is facing a support at the weekly pivot point near 0.8818. Also, it is important to point that technical indicators favour bearish movement.
See more at the Dukascopy Analytics page
https://www.dukascopy.com/swiss/english/marketwatch/market_news/Technical-Analysis/

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