Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Forex Live Heat Map |  Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

FxWirePro: EUR/GBP breaks 100-DMA support, bias lower, | October 16, 2017



Print PDF

Monday, October 16, 2017 10:37 AM UTC



0



 comments




  • EUR/GBP is extending weakness after rejection at 50-DMA in previous week's trade.

     

  • The pair has broken 100-DMA support at 0.8920, bias still bearish.



  • Stochs have turned lower from near overbought levels and RSI has fallen below 50.

     

  • We see scope for test of minor trendline support at 0.88. Further weakness on break below.

     

  • On the flipside, break above 50-DMA could see bearish invalidation.



Support levels - 0.88 (trendline), 0.8742 (200-DMA), 0.8719 (June 16 low), 0.8682 (61.8% Fib retrace of 0.8297 to 0.9306 rally)



Resistance levels - 0.8919 (5-DMA), 0.8922 (100-DMA), 0.9068 (23.6% Fib)



Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-GBP-Trade-Idea-936333) has hit all targets.



Recommendation: Good to go short on rallies around 0.8880/90, SL: 0.8930, TP: 0.88/ 0.8745.



FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at -97.1838 (Bearish), while Hourly GBP Spot Index was at 36.688 (Neutral) at 1030 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.



FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest



Submit Your Comments:

 Forex Trading VPS


FOREX VPS FOR TRADERS

FF FOREX VPS
Windows 2012R2/2016 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
ECO-01 buy now1 Core 756MB 18GB Unmetered $4.99/M$4.49/M$3.99/M $2.99/M MT4 Pre-InstalledYesFree
ECO-02 buy now 1 Core 1GB 22GB Unmetered $5.99/M$5.49/M$4.99/M $3.99/M MT4 Pre-InstalledYesFree
ECO-03buy now 2 Core 2GB 30GB Unmetered $9.99/M$9.49/M$8.99/M$7.99/M MT4 Pre-InstalledYesFree
ECO-04 buy now2 Core 3GB 32GB Unmetered $13.99/M$13.49/M$12.99/M $11.99/M MT4 Pre-InstalledYesFree
ECO-05buy now 3 Core 4GB 40GB Unmetered $17.99/M $17.49/M$16.99/M$15.99/MMT4 Pre-InstalledYesFree
ECO-06 buy now 3 Core 5GB 45GB Unmetered$21.99/M $21.49/M$20.99/M$19.99/MMT4 Pre-InstalledYesFree

***We accept Paypal, Perfect Money, Bitcoin !