EUR/GBP REVERSAL | ASCENDING WEDGE / RSI DIVERGENCE / 61.8% FIB
Technical Analysis
Fundamental Analysis
VERDICT: Both fundamental & technical analysis supports the expectation for EUR/GBP to resume it's uptrend
- RSI Divergence
- RSI Symmetrical Triangle
- 61.8% Fibonacci Retracement
Fundamental Analysis
- The correction in global equity markets is beginning to weaken, signs of a reversal are showing.
- During the recent equity market crash, and also the 2008 Financial Crisis, EUR outperformed GBP (EUR/GBP rose)
- During the recent equity market correction, EUR/GBP fell and corrected
VERDICT: Both fundamental & technical analysis supports the expectation for EUR/GBP to resume it's uptrend
註釋
Closer look at the RSI Divergence註釋
Closer Look At Equities Correlation註釋
UPDATE: I Just noticed I accidentally labeled this idea as short rather than long. Apologies.註釋
Potential Double Bottom
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