{"id":15208,"date":"2010-11-10T08:47:28","date_gmt":"2010-11-10T13:47:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15208"},"modified":"2010-11-10T08:47:28","modified_gmt":"2010-11-10T13:47:28","slug":"potential-reversal-for-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/10\/potential-reversal-for-eurgbp\/","title":{"rendered":"Potential Reversal for EUR\/GBP"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The EUR has dropped significantly versus the GBP in the past 2 weeks,  and it is currently traded around 0.8600 levels. And now as evident in  the data below, the daily chart chart is giving bullish signals,  indicating that <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-gbp\">EUR\/GBP <\/a>pair  might go up. Forex traders can take advantage of this impending  movement by having their Entry Orders in place to capture this reversal.<\/p>\n<p>\u2022\tBelow is the daily chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-gbp\">EUR\/GBP <\/a>currency pair.<\/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 an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the oversold territory, signaling  upward pressure.<\/p>\n<p>\u2022\tPoint 4:  The Williams Percent Range has peaked near at the -100  marker, which means that there may actually be a strong level of upward  pressure.<\/p>\n<p>EUR\/GBP Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/EUR-GBP-10-11.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/11\/EUR-GBP-10-11.JPG\" alt=\"\" width=\"504\" height=\"647\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 EUR has dropped significantly versus the GBP in the past 2 weeks, and it is currently traded around 0.8600 levels. And now as evident in the data below, the daily chart chart is giving bullish signals, indicating that EUR\/GBP pair might go up. Forex traders can take advantage of this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/11\/10\/potential-reversal-for-eurgbp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Potential Reversal for EUR\/GBP&#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-15208","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15208","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=15208"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}