We have more evidence for reversal in the EUR/GBP pair. The action over the last three trading days has resulted in formation of Evening Star candle stick pattern, which is a reversal pattern.
This officially marks reversal of the rising trend from September 6 low of 0.8334 and adds credence to the exhaustion near confluence of key technical levels and bearish price RSI divergence + breach of rising trend line spotted by us yesterday
Watch Clive Lambert, Director at FuturesTechs detail the reversal in EUR/GBP pair here - www.youtube.com/watch?v=JIscVXev...
Lambert says the reversal also suggests the GBP/USD pair may have bottomed out. No wonder, Cable is trading above 1.30 and looking northwards.
This officially marks reversal of the rising trend from September 6 low of 0.8334 and adds credence to the exhaustion near confluence of key technical levels and bearish price RSI divergence + breach of rising trend line spotted by us yesterday
Watch Clive Lambert, Director at FuturesTechs detail the reversal in EUR/GBP pair here - www.youtube.com/watch?v=JIscVXev...
Lambert says the reversal also suggests the GBP/USD pair may have bottomed out. No wonder, Cable is trading above 1.30 and looking northwards.
