Hello guys, in this technical analysis, it's my second updates, so, the previously technical analysis I see that was discard, because the par is not in the demand, we are in the bearish, because in Daily timeframe I mentioned previously that we could see a possible short position, so this is a great short position and my target profit is 150 pips approximately in the 0.382% of Fibonacci. Look below
This is a bearish divergence in the price action and RSI, both make a bearish movement strongest. So, about the fundamentals, I mentioned that in Euro/Sterling Pound that Euro is struggling to fight agains the rivals as Australian Dollar, Canadian Dollar, New Zeland Dollar, Jen Japanese, US Dollar, and other par tat you know. So, I put in short postion until the $1.1596 USD, that is my traget profit.
Then, it's the H1 timeframe and we see that situation of what they show us.
This is a bearish divergence in the price action and RSI, both make a bearish movement strongest. So, about the fundamentals, I mentioned that in Euro/Sterling Pound that Euro is struggling to fight agains the rivals as Australian Dollar, Canadian Dollar, New Zeland Dollar, Jen Japanese, US Dollar, and other par tat you know. So, I put in short postion until the $1.1596 USD, that is my traget profit.
Then, it's the H1 timeframe and we see that situation of what they show us.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.