{"id":11048,"date":"2010-07-13T08:35:14","date_gmt":"2010-07-13T12:35:14","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11048"},"modified":"2010-07-13T08:35:14","modified_gmt":"2010-07-13T12:35:14","slug":"eurgbp-expected-to-go-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/13\/eurgbp-expected-to-go-bearish\/","title":{"rendered":"EUR\/GBP Expected to Go Bearish"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The volatile of the EUR\/GBP pair continues to be affected by the  volatile forex market. The last two weeks has seen a lot of bullish  strength in the EUR\/GBP pair. However, as I demonstrated below, it seems  that the pair\u2019s bullish run may have run out of steam, and a bearish  correction could be underway soon. This might be a good opportunity for  forex traders to enter the trend at a very early stage and at a great  entry price.<\/p>\n<p>\u2022\tThe technical indicators that are used  are the William Percent Range, Relative Strength Index (RSI), and Slow  Stochastic.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Range shows that this pair was  heavily over-bought peaked near the highest mark it could reach, and  then turned a corner and now stands in a bearish posture.<\/p>\n<p>EUR\/GBP Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EUR-GBP-13-7.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/EUR-GBP-13-7.JPG\" alt=\"\" width=\"472\" height=\"647\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                            Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                            may not be suitable for all investors. There   is  a              possibility      that     you   could sustain a loss   of  all   of    your         investment and      therefore  you       should   not    invest   money  that   you      cannot afford to        lose. You    should    be      aware of   all   the    risks     associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The volatile of the EUR\/GBP pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR\/GBP pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/13\/eurgbp-expected-to-go-bearish\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/GBP Expected to Go Bearish&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11048","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11048"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}