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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
17 Nov 2020

EUR/GBP Price Analysis: Buyers elusive despite bullish Doji reversal

  • EUR/GBP struggles to capitalize on a bullish technical pattern. 
  • The resistance at 0.904 is now the level to beat for the bulls. 

EUR/GBP is locked in a 0.8655 to 0.90 range for the third straight trading day. 

The range play marks a weak follow-through to the bullish reversal pattern confirmed last week. The pair jumped over 1% last Thursday, registering its biggest single-day gain since Sept. 10 and confirming a reversal higher following the seller exhaustion signaled by the preceding day's Doji candle. 

The bullish outlook now stands neutralized and the Nov. 12 high of 0.9004 is the level to beat for the bulls. A close higher would open the doors to the Nov. 5 high of 0.9069. The support is located at 0.8955 (Monday's low) followed by the Nov. 11 low of 0.8861.

Daily chart

Trend: Neutral

Technical levels

 

Nov 17, 2020

EUR/USD steady above 1.1850 on coronavirus vaccine hopes

EUR/USD remains bid above 1.1850 as the hopes for coronavirus vaccine and the prospects of the global economy returning to normalcy in 2021 continue t
Read more Previous
Nov 17, 2020

USD/INR Price News: Indian rupee sellers cheer short-term falling wedge confirmation above 74.00

USD/INR rises to 74.47, up 0.18% intraday, during the initial hours of Indian trading on Tuesday. In doing so, the pair confirms a bullish chart forma
Read more Next