{"id":5939,"date":"2010-01-18T08:48:16","date_gmt":"2010-01-18T13:48:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5939"},"modified":"2010-01-18T08:48:16","modified_gmt":"2010-01-18T13:48:16","slug":"eurgbp-freefall-bottoms-out","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/01\/18\/eurgbp-freefall-bottoms-out\/","title":{"rendered":"EUR\/GBP Freefall Bottoms Out"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; In last week\u2019s trading, the <strong>EUR\/GBP<\/strong> experienced much bearishness, as it now stands at 0.8790. However, it seems that this trend may be coming to an end. I will illustrate below that the <strong>EUR\/GBP<\/strong> may very well be heading for a reversal. Forex traders have the opportunity to wait for the upward breach on the hourlies and go long in order to ride out the impending wave.<\/p>\n<p>\u2022 The technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and MACD.<\/p>\n<p>\u2022 Point 1: 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 Point 2: 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>\u2022 Point 3: The MACD indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p><strong>EUR\/GBP 8-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/EUR-GBP-18-1.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/EUR-GBP-18-1.JPG\" alt=\"\" width=\"414\" height=\"477\" \/><\/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; In last week\u2019s trading, the EUR\/GBP experienced much bearishness, as it now stands at 0.8790. However, it seems that this trend may be coming to an end. I will illustrate below that the EUR\/GBP may very well be heading for a reversal. Forex traders have the opportunity to wait for the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/01\/18\/eurgbp-freefall-bottoms-out\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/GBP Freefall Bottoms Out&#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-5939","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5939","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=5939"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5939\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}