Forgot your TMS password? Recover it now »
Main tools:

TMS NonStop works best as an Android app. TMS NonStop works best as an iOS app.

Stay on the web version

EUR/GBP: the retracement holds the upswing

You do not have permission to view this content
Gain access - signing up only takes few seconds.
EUR/GBP at H4 interval; source: TMS Direct
EUR/GBP still cannot breach the 50 pct retracement at 0.8525. The weakness of the demand can lead to deeper decline, but it is worth to wait for a clear signal of supply activation. The instant support can be found at 0.8450 (i.a. 24th Aprils low and 38.2 pct retracement), if broken, support moves to 0.8400 (i.a. 20th Aprils top and 61.8 pct retracement). Decline to this level would be equivalent to the closure of the post-election rising window. Alternatively, extending increase and breaching above 0.8525 would lead at least to 0.8575 i.a. 61.8 pct retracement.
TMS NonStop logo

Trade the news. Open the trading platform.

See also:

Source: TMS Brokers
WTI: la subida se detiene por debajo de la media móvil

Source: TMS Brokers
DAX: 12,300 key to deepening the correction

Source: TMS Brokers
WTI: gigantic growth, strong correction