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EUR/GBP stages powerful rally

By : Mex Group

EUR/GBP stages powerful rally

13 September 2016, 19:02

Accordingly to the 1-hour MACD, the runaway EUR/GBP market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/GBP price action.

EUR/GBP 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
0.8496299783388 0.8503899772961 0.8515299956003 0.8534300128618 0.8541900118192 0.8553300301233

Trend IndexOB/OS Index
Bullish Extremely Overbought