Financial news

EUR/GBP Technical Analysis: Doji makes today’s close pivotal

By  | 

Via FX Street

  • EUR/GBP created a doji candle yesterday, signaling indecision in the market place. As a result, the bullish view put forward by the falling channel breakout, confirmed earlier this week as per the daily line chart, stands neutralized. 
  • A close today below 0.8636 (Doji low) would validate the signs of indecision and confirm a bearish doji reversal. 
  • The falling wedge breakout would be revived if the cross closes today above 0.8682, invalidating the doji candle created yesterday. 
  • The probability of bullish close would rise if the bull flag seen on the 15-minute chart is breached to the higher side. That would create room for a rise to 0.8720 (target as per the measured move method). 

Daily candlestick chart 

Daily line chart

15-minute chart

Trend: Neutral

Pivot points


Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  Ukrainian Neo-Nazis Flock To The Hong Kong Protest Movement