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  • GBP/EUR Technical analysis

    The pair is moving within a downward trend.
    At this moment the pair is trading in a down trend, slowing down near its resistance levels. We can also note that...
    GBP/EUR Technical analysis

    The pair is moving within a downward trend.
    At this moment the pair is trading in a down trend, slowing down near its resistance levels. We can also note that against the backdrop of strong data, the pair can quickly overcome the nearby resistance levels, as it happened after the press conference of the Bank of England, against which the pound sharply increased its quotes.
    Today at 4.30 pm (GMT +3), ECB President Mario Draghi is expected to speak at a press conference. It is necessary to closely monitor the investor sentiment, as many feel that the euro will be pressured and our pair will continue the downward movement.
    Our advice for you is to set medium goals and small stop-loss orders.
    Support and resistance levels:
    0.8880
    0.8825
    0.8780
    0.8715
    https://superforex.com/additionalimages/21-09-2017/eur-gbp-technical-analysis-0.jpg
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  • GBPUSD: The pair saw price rejection on Wednesday leaving risk of more weakness on the cards in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400... GBPUSD: The pair saw price rejection on Wednesday leaving risk of more weakness on the cards in the days ahead. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face further downside threats on higher price rejection.

    http://www.fxtechstrategy.com/wp-content/uploads/2017/09/GBPUSDDaily-1.png
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  • Effort maximum will bring profit maximum. This is somewhat true, Not fully.

    If you give your maximum effort but minimum strategy, then the result can be less.

    If you put maximum effort along...
    Effort maximum will bring profit maximum. This is somewhat true, Not fully.

    If you give your maximum effort but minimum strategy, then the result can be less.

    If you put maximum effort along with analysis and strategy, result can be good:D
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  • sphaee4
    sphaee4 replied to a discussion, Forex versus commodity trading
    I suggest currency trading in pairs like USD nad GBP:D
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  • Flyman7788
    Flyman7788 replied to a discussion, Cozgroup Daily Discussion
    COZfx: German investor confidence sharply picked-up in September

    COZforex: For the past trading session, the EUR rose 0.32% against the USD and closed at 1.1995, after data showed that German...
    COZfx: German investor confidence sharply picked-up in September

    COZforex: For the past trading session, the EUR rose 0.32% against the USD and closed at 1.1995, after data showed that German investor morale sharply improved in September.

    Data indicated that Germany’s ZEW economic sentiment index climbed more-than-anticipated to a level of 17.0 in September, strengthening for the first time in four months, amid increased optimism among investors in the wake of strong economic growth and increased investment in the Euro-zone’s largest economy. In the previous month, the index had registered a reading of 10.0, while markets had anticipated for an advance to a level of 12.0. Additionally, the nation’s current situation index unexpectedly rose to a six-year high level of 87.9 in September, defying market consensus for a drop to a level of 86.2 and following a reading of 86.7 in the previous month.

    Separately, the Euro-zone’s ZEW economic sentiment index climbed to a level of 31.7 in September, less than market expectations for a rise to a level of 32.4 and compared to a level of 29.3 recorded in the previous month. Additionally, the region’s seasonally adjusted construction output rose 0.2% on a monthly basis in July, after recording a revised similar rise in the prior month. Moreover, the region’s seasonally adjusted current account surplus widened to a level of €25.1 billion in July, compared to a revised surplus of €22.8 billion in the prior month.

    In technical analysis, COZforex senior currency strategist Ian • Quigley said: EUR/USD is expected to find support at 1.1970 and a fall through could take it to the next support level of 1.1930; Meanwhile, the pair is expected to find its first resistance at 1.2034, and a rise through could take it to the next resistance level of 1.2058.

    Going ahead, investors will look forward to Germany’s producer price index for August, slated to release in a few hours. Later in the day, market participants will keenly await the outcome of the Federal Reserve’s (Fed) monetary policy meeting. The central bank is widely anticipated to announce plans on paring back its massive balance sheet. Also, the US existing home sales data for August, due to release later in the day, will be on investors’ radar.


    (COZ forex UK)
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