25.09.2017
EURGBP
The pair may continue falling, in reaction to the election results in Germany, where the victory of A. Merkel has been expected, as the market still doubts that ECB will radically change its course regarding the support of the Eurozone economy.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and falling. Stoch are entering the oversold zone.
Trading recommendations:
Sell the pair once the 0.8770 level is breached, considering its possible fall to 0.8650-55.
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