Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/GBP Price Analysis: Seven-week-old falling trendline guards immediate upside

  • EUR/GBP struggles for direction near a 10-week low.
  • Oversold RSI favors a pullback but short-term falling resistance line challenges buyers.

EUR/GBP seesaws around the previous day’s close while taking rounds to 0.8305 ahead of the European session on Wednesday. The pair dropped to the lowest in a year on Tuesday but bounced back amid oversold RSI conditions. Even so, a descending trend line from January 01 restricts the pair’s near-term pullback.

Hence, the pair’s recovery to January-end lows near 0.8387 can’t be expected unless it stays strong above 0.8353 resistance-line.

If at all buyers manage to dominate beyond 0.8387, February 05 low near 0.8430 and the monthly top surrounding 0.8540 will gain market’s attention

Until then, sellers will keep targeting December 2019 low near 0.8275 while also aiming for July 2016 low near 0.8250 during further declines.

If prices stay weak below 0.8250, April 2016 top close to 0.8120 could return to the charts.

EUR/GBP four-hour chart

Trend: Bearish

 

US Pres. Trump casts doubts over India trade deal ahead of visit

Days ahead of a scheduled visit to India, US President Trump raised doubts over a potential trade deal with the South Asian super power, Bloomberg rep
Read more Previous

US Dollar Index looks for direction near 99.50 ahead of FOMC, data

The greenback, when measured by the US Dollar Index (DXY), is struggling for direction near 99.50 following the Asian trading session on Wednesday. US
Read more Next