Wednesday, June 29, 2022

EUR/GBP Analysis : h4 chart

EUR/GBP moved in a downtrend for long time without any retracements.

Recently market surged from bottom zone in 4 hour chart.

After the Push up, we expect EUR/GBP to continue moving up for making big retracements.

But market came down slowly and reached our stop loss price. Since the market is often moving now in Sideways for long time.

Most of the forex currency pairs is moving sideways at this time, not making enough movement due to uncertain volatility.

Crude Oil fall is an historical crash so far which makes the market more uncertain.

Please note : Most of the forex brokers increased their margins requirement for trading due to the historical crash of oil markets which impacting world wide economy. Please don’t use high lot at this time. Trade safe with care.

Stop loss price reached in EURGBP

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