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EURGBP attractive near the regression channel low

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURGBP, 240 min EURGBP has been in an uptrend lately and is still breaking above recent pivotal highs. It has been attracting buyers after pull backs have taken the pair near S&R levels. Now that EURGBP has retraced from a new 22 month high it could be soon reviving buying interest from those that look to participate in this uptrend after a decent pullback. The pair is oversold in terms of Stochastics oscillator (7,3,3) while it tried to bounce from the 38.2% Fibonacci level. I expect the

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