forexsignal4
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On Thursday, the currency pair EUR / GBP is trading with a neutral character, the bulls and bears frozen before further progress .
On the daily chart we can see a long downtrend , as previously predicted, the bulls have formed a small correction to the level of 0.8300 , giving the bears to gain strength . Now the graph formed candles, so-called " high waves" , they look like this: candle body is relatively small , and the shadows are very long, this suggests that the market is about to change .
Development of the plot for the next trading days may be so - maybe we will see the ambiguity in the range of 0.8330 / 0.8270 , where the market will return to pulse bears movements. If price manages to hold and consolidate under the 0.8300 level and bears manifest themselves , it is possible to expect continuation of the downward trend .
economic Calendar
Today, traders should expect a number of important economic news from the UK and the European Union.
12:00 MSK (10:00 GMT- 2) will be published in the UK house price index from Halifax .
Forecast of 7.2 %. The previous value of 7.5%. (annual)
Forecast is 1.0% . Previous value - 0.6%. ( monthly )
16:00 MSK (14:00 GMT- 2) The Bank of England will announce interest rates.
Forecast is 0.50 %. The previous value of 0.50%.
16:45 MSK (14:45 GMT- 2) The ECB will announce interest rates.
Forecast is 0.25 %. The previous value of 0.25%.
17:30 MSK (15:30 GMT- 2) Press Conference of the ECB.
Key Levels
Zone of resistance : 0.8300 , 0.8398 , 0.8454
Support zone : 0.8200 ; 0.8160 ; 0.8100
On the daily chart we can see a long downtrend , as previously predicted, the bulls have formed a small correction to the level of 0.8300 , giving the bears to gain strength . Now the graph formed candles, so-called " high waves" , they look like this: candle body is relatively small , and the shadows are very long, this suggests that the market is about to change .
Development of the plot for the next trading days may be so - maybe we will see the ambiguity in the range of 0.8330 / 0.8270 , where the market will return to pulse bears movements. If price manages to hold and consolidate under the 0.8300 level and bears manifest themselves , it is possible to expect continuation of the downward trend .
economic Calendar
Today, traders should expect a number of important economic news from the UK and the European Union.
12:00 MSK (10:00 GMT- 2) will be published in the UK house price index from Halifax .
Forecast of 7.2 %. The previous value of 7.5%. (annual)
Forecast is 1.0% . Previous value - 0.6%. ( monthly )
16:00 MSK (14:00 GMT- 2) The Bank of England will announce interest rates.
Forecast is 0.50 %. The previous value of 0.50%.
16:45 MSK (14:45 GMT- 2) The ECB will announce interest rates.
Forecast is 0.25 %. The previous value of 0.25%.
17:30 MSK (15:30 GMT- 2) Press Conference of the ECB.
Key Levels
Zone of resistance : 0.8300 , 0.8398 , 0.8454
Support zone : 0.8200 ; 0.8160 ; 0.8100
