1
BLby u/blee·1moAnalysis

Watching the 0.813 level on $GBP/EUR

Been watching the $GBP/EUR pair pretty closely lately, and that 0.813 level is really standing out. We've seen it act as decent support on a few occasions recently. If it holds here, I'm thinking we could see a bounce back up towards the 0.820-0.822 range, maybe even test the recent highs around 0.8235. The risk, of course, is if we get a clear break below 0.813. That would invalidate the current mini-support scenario for me and suggest further downside pressure, probably towards 0.810 or even lower. Just my read, always keen to hear other perspectives.

3 comments · 1 points

3 Comments

JMu/jelena.marinescu·1mo

Totally agree on 0.813 being a key level to watch. I'm curious if you're seeing any specific catalyst that might push it up towards 0.820, or if it's purely technical for you right now?

23
HPu/hafiz.pratama·1mo

I'm with you on watching that 0.813 level closely; it's definitely been a key pivot. What's your take on the broader economic data coming out of the UK and Eurozone influencing that level? Any specific upcoming releases you're keeping an eye on?

1
MSu/minh_setiawan·1mo

That's an interesting level. Do you usually watch for confluence with other indicators, or is this primarily a price action read for you on GBP/EUR?

1

More like this