{"id":7847,"date":"2010-03-23T08:30:29","date_gmt":"2010-03-23T12:30:29","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7847"},"modified":"2010-03-23T08:30:29","modified_gmt":"2010-03-23T12:30:29","slug":"eurgbp-looks-to-drop-towards-the-0-8900-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/eurgbp-looks-to-drop-towards-the-0-8900-level\/","title":{"rendered":"EUR\/GBP Looks to Drop towards the 0.8900 Level"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The EUR\/GBP pair saw a bullish trend for the past several weeks,  however currently it seems that a bearish correction might take place.  The pair has failed to breach through the 0.9050 level lately, and as a  result the pair slightly dropped and is trading near the 0.8980 level.<\/p>\n<p>\u2022 The chart below is the EUR\/GBP 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD\/OsMA and the Relative Strength Index (RSI).<br \/>\n\u2022 It can be seen that the pair is trading within a restricted range of  150 pips for quite some time now.<br \/>\n\u2022 The pair has recently failed to breach the 0.9050 level, which has  initiated a bearish correction.<br \/>\n\u2022 Both the Slow Stochastic and the RSI are pointing down at the moment,  suggesting that the bearish momentum has more steam in it.<br \/>\n\u2022 The MACD seems to be on the verge to complete a bearish cross. If the  cross will indeed take place, this will further indicate that the  current trend is bearish.<br \/>\n\u2022 The next support levels are located at the 0.8900, 0.8860 and the  0.8750 prices.<br \/>\n\u2022 The next resistant levels are located at the 0.9050, 0.9125 and the  0.9150 prices.<br \/>\n\u2022 If the pair will manage to breach through 3 consecutive levels, this  will ensure that the pair is in the midst of a long-lasting trend.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/EURGBP.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/EURGBP.bmp\" alt=\"\" width=\"595\" height=\"546\" \/><\/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 Yan Petters &#8211; The EUR\/GBP pair saw a bullish trend for the past several weeks, however currently it seems that a bearish correction might take place. The pair has failed to breach through the 0.9050 level lately, and as a result the pair slightly dropped and is trading near the 0.8980 level. \u2022 The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/eurgbp-looks-to-drop-towards-the-0-8900-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/GBP Looks to Drop towards the 0.8900 Level&#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-7847","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7847","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=7847"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}