Business & Investment

EUR / GBP: Trading Recommendations-Analysis and Forecast-March 30, 2021

The EUR / GBP pair continues to be under pressure due to fundamental factors, although it hit the 0.8505 mark in yesterday’s European session, which corresponds to a 13-month low. (to see “”Fundamental analysis and market expectations“)


, This carries the risk of resumption of decline. If the EUR / GBP decline resumes after a breakdown of the 0.8500 support level, the 0.8400 mark could be the closest target.

Farther targets are at support levels 0.8350 and 0.8220.

So far, below resistance levels of 0.8800 and 0.8845, downward dynamics dominate.

Trading recommendations

Sell ​​by market, stop selling 0.8490. Stop loss 0.8565. Take Profit 0.8400, 0.8350, 0.8250

Buy Stop 0.8565. Stop loss 0.8490. Take Profit 0.8574, 0.8634, 0.8740, 0.8800, 0.8820, 0.8845

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**) EUR / GBP: Current fundamental analysis and market expectations

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EUR / GBP: Trading Recommendations-Analysis and Forecast-March 30, 2021

https://www.mql5.com/en/blogs/post/743327?utm_campaign=RSS&utm_medium=display&utm_source=MQL5+EN+Blog EUR / GBP: Trading Recommendations-Analysis and Forecast-March 30, 2021

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