{"id":5382,"date":"2009-12-18T09:12:33","date_gmt":"2009-12-18T14:12:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5382"},"modified":"2009-12-18T09:12:33","modified_gmt":"2009-12-18T14:12:33","slug":"eurgbp-downtrend-might-be-near-the-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/12\/18\/eurgbp-downtrend-might-be-near-the-end\/","title":{"rendered":"EUR\/GBP Downtrend Might be Near the End"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The EUR\/GBP cross has experienced a bearish trend for the past two weeks. However, it seems that this trend may be coming to an end, as described below. Forex traders can take advantage of this imminent up movement by entering long positions at an excellent entry price.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, Relative Strength Index (RSI), and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022 Point 2: The Relative Strength Index (RSI) signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure.<\/p>\n<p>\u2022 Point 3: The Williams Percent Range has peaked at the -100 marker and has turned bullish; this 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\/2009\/12\/EUR-GBP-18-12.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/12\/EUR-GBP-18-12.JPG\" alt=\"\" width=\"384\" height=\"507\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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\/GBP cross has experienced a bearish trend for the past two weeks. However, it seems that this trend may be coming to an end, as described below. Forex traders can take advantage of this imminent up movement by entering long positions at an excellent entry price. \u2022 The technical indicators &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/12\/18\/eurgbp-downtrend-might-be-near-the-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/GBP Downtrend Might be Near the End&#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-5382","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5382","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=5382"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5382\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}