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18.05.202004:35 Forex Analysis & Reviews: The EUR/GBP Price Movement For May 18, 2020.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 18.05.2020 analysis

If we look at the weekly chart on EUR/GBP, we see this pair is now trying to reach 0.8985 before the price is back to the downside again. However, this scenario will be automatically canceled if this pair retraces downwards and closes below the 0.8813 level before the price reaches 0.8985.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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