EURGBP This Week: What's New ?
Good Evening,
Despite of the meetings the European Central Bank did and especially Bank of England in which it raised the inflation recently, we need to talk in technical analysis language and in an easy simplified language in which traders out there can claim what's going on.
So here are the key points:
- There is bearish order block set in 0.87081 level which is a good sign we're still safe going bear, in addition to a character of change that was broken below from the previous lower low.
- Speaking of EMA's, the current candle is ready to the 50 EMA. Hopefully, things are still going in our favor (for those who are willing to go short).
- In sort of Technical Indicators, the very most popular indicators, MACD, for example, admits
strongly for going short in addition to RSI, was previously overbought and still in a high level.
I can go much more further and give more and more advanced analysis, but I like to keep things simple and easy to catch so traders can find my analysis quite handy.
Despite of the meetings the European Central Bank did and especially Bank of England in which it raised the inflation recently, we need to talk in technical analysis language and in an easy simplified language in which traders out there can claim what's going on.
So here are the key points:
- There is bearish order block set in 0.87081 level which is a good sign we're still safe going bear, in addition to a character of change that was broken below from the previous lower low.
- Speaking of EMA's, the current candle is ready to the 50 EMA. Hopefully, things are still going in our favor (for those who are willing to go short).
- In sort of Technical Indicators, the very most popular indicators, MACD, for example, admits
strongly for going short in addition to RSI, was previously overbought and still in a high level.
I can go much more further and give more and more advanced analysis, but I like to keep things simple and easy to catch so traders can find my analysis quite handy.
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