EUR/GBP PRICE ANALYSIS: WHAT ARE THE BREAKOUT LEVELS OF THE THREE-MONTH RANGE?

avatar
· Views 116



  • EUR/GBP is in a sideways trend that has lasted for three months. 
  • This trend is expected to extend, but at what point would a breakout from the range be assessed as occurring?
  • How far would such breakouts be expected to travel? 

EUR/GBP price is in a sideways trend which has unfolded over three months. In technical analysis the received wisdom is that the existing trend is expected to continue until the weight of evidence points to a reversal. Since there is no evidence EUR/GBP has changed trend the conclusion must be that it will continue trading sideways. 

However, it is a useful exercise to estimate at what levels the sideways trend will have been assessed as ending and a new bullish or bearish trend said to have begun. 


Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.

  • tradingContest