EUR-GBP Technical Analysis 06-Dec-2020

This is some technical analysis insight for the Euro Pound pair - one of the interesting one to trade due to the correlation. On the monthly time frame it hold on to the support quite strongly but in forex anything is possible to break pass through it. But for the time being it is bullish or ranging up. One the weekly time frame is bearish and going down to the middle band of the Bollinger indicator is the most ideal target. Daily time frame is bullish otherwise on the 4H is bearish. So we have the following combinations.

It's the struggle between all Euro related pairs against GBP related pairs

EUR-USD, EUR-JPY, EUR-AUD, EUR-CAD, EUR-CHF etc 

VS

GBP-USD, GBP-JPY, GBP-AUD, GBP-CAD, GBP-CHF etc

Monthly + Daily Bullish 

Weekly + 4H Bearish

The expected fluctuation range on Monday potentially within the 4H bollinger bands indicator. We will wait and see what it will do. So here is the video analyis

 

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