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Expert In



EUR/GBP price movement, August 25, 2020.


On the 4 hour chart, we can see that the EUR/GBP pair may decline to the SELL Stop Liquidity Pool bellow the 0.9001 level as its prime target. If the bearish momentum is strong, the pair will continue to fall. It may even try to break through the 0.8943 level as its secondary target. It has already been confirmed by the hidden divergence (convergence) between the price and the Stochastic Oscillator. The scenario is unlikely to occur If the pair rises and closes above the 0.9043 level.


The material has been provided by InstaForex Company -