- EUR / GBP is negotiated near the middle of 0.8500 after obtaining a post-European session on the ground.
- Haussier bias intact despite short -term mixed signals.
- Key mobile averages and longer -term indicators take care of the upward momentum.
THE EUR / GBP The pair is negotiated with light gains on Wednesday, oscillating around the area in the middle of 0.8500 after the European session. The pair rebounded in the day beach, showing slight upward pressure. Despite a neutral reading of the relative resistance index (RSI) and a lowering signal of the Divergence of Mobile Average Convergence (MacD), other tools such as the Williams range for percentage and the single -term mobile averages help preserve a bullish tone. Traders sail through a mixed set of indicators While the price is almost in the short term.
EUR / GBP currently displays a bullish structure overall. The MacD flashes a sales signal, indicating a certain resistance to immediate increase in the increase, while the RSI holds in neutral territory nearly 50, confirming indecision. On the other hand, the percentage beach of Williams (14) to approximately -92 supports a rebound story, suggesting that the pair could have entered the territory of occurrence. The freight channel index also remains in neutral land, adding to the short -term mixed feeling.
From the point of view of the mobile average, the exponential and simple short -term movable mediums, both below the action of current prices, indicate a bullish impulse. However, the 20-day SMA, positioned just above the pair, acts as a dynamic resistance and could cap immediately. In particular, the SMAS of 100 days and 200 days – both seated clearly below the current levels – strengthen the bullish case in the longer term.
The support is 0.8494, followed by 0.8485 and 0.8482. The resistance levels are observed at 0.8516, 0.8525 and 0.8526.
Daily graphic
