Daily Analysis | EUR/GBP | 12 of April
Source: Admiral Markets MT5 with MT5SE Add-on
The EUR/GBP has been trapped within the narrow range of W L3 and W H3 Pivot. Slow price action indicates that we might expect a breakout when volatility gets higher. At this point, the price is stalling between the two trend line diagonals that also intersect essential pivot points. Break of W H3 – 0.8737 should target 0.8760 and possibly 0.8792. However a break of D L3 – 0.8710 should target 0.8680. The EUR/GBP ATR is low, so pay attention to breakouts and corresponding targets.
W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC - Point Of Confluence (The zone where we expect price to react aka entry zone)
Follow Admiral Markets on Facebook – @AdmiralMarkets on Twitter – for the latest market updates.
By Nenad Kerkez | Admiral Markets
Follow @TarantulaFX on twitter for latest market updates
13 April, 2018 14:39
← Australian dollar rebounds on April 13
The Australian dollar is rising against US counterpart on Friday. The price stands at 0.7807. Australia’s Federal Reserve Bank released financial stability report this morning. The announced data was welcomed by investors. According to the report, Australian financial system looks quite stable in the global meaning and the bank system – balanced.
11 April, 2018 14:40
US Federal Reserve may stick to safe policy →
The US-China stand-off remains the topic issue in the global market. Although the tensions somewhat softened between the parties, investors remain heads-up waiting for further development of the situation. The signs that China and USA are ready to hold meaningful talks will support demand for the risk that started slackening at the morning trading...
Write a comment