{"id":103774,"date":"2020-08-26T11:36:35","date_gmt":"2020-08-26T10:36:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103774"},"modified":"2020-08-26T11:37:56","modified_gmt":"2020-08-26T10:37:56","slug":"104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\/","title":{"rendered":"EUR\/GBP Weak on Bearish MACD and A Broken Symmetrical Triangle"},"content":{"rendered":"<ul>\n<li>EUR\/GBP continues to favour the bears.<\/li>\n<li>EUR\/GBP chart shows a broken symmetrical-triangle, and a lower-high suggests weakness.<\/li>\n<li>200-hour moving average offers immediate resistance before the triangle&#8217;s upper line.<\/li>\n<\/ul>\n<p>EUR\/GBP was trading near the intraday low of 0.8988 during the pre-European session today. The pair has recently broken a one-week-old symmetrical triangle formation amidst the backdrop of a bearish MACD.<\/p>\n<p>EUR\/GBP has struggled to cross the 200-hour moving average from below and has seen lower-high formations.<\/p>\n<p>The weakness had encouraged bears to target a falling trendline from the previous day, now near 0.8970 before challenging the monthly lows near 0.8945.<\/p>\n<p>The July bottom of 0.8938 could lend some support to the pair on a further fall.<\/p>\n<p>The bulls&#8217; resolve will be tested near 0.9020 and 0.9030 &#8211; the levels of 200-hour moving average and the triangle resistance if the monthly highs of 0.9070 are targeted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP continues to favour the bears. EUR\/GBP chart shows a broken symmetrical-triangle, and a lower-high suggests weakness. 200-hour moving average offers immediate resistance before the triangle&#8217;s upper line. EUR\/GBP was trading near the intraday low of 0.8988 during the pre-European session today. The pair has recently broken a one-week-old symmetrical triangle formation amidst the backdrop [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3207,2649,3156],"class_list":{"0":"post-103774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-200-day-ma","10":"tag-eur-gbp","11":"tag-macd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP Weak on Bearish MACD and A Broken Symmetrical Triangle - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/GBP Weak on Bearish MACD and A Broken Symmetrical Triangle\",\"datePublished\":\"2020-08-26T10:36:35+00:00\",\"dateModified\":\"2020-08-26T10:37:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/\"},\"wordCount\":152,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-eur-UK-Inflation-Impress.jpg\",\"keywords\":[\"200-day MA\",\"eur\\\/gbp\",\"MACD\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104036-eur-gbp-weak-on-bearish-macd-and-a-broken-symmetrical-triangle\\\/\",\"name\":\"EUR\\\/GBP Weak on Bearish MACD and A Broken Symmetrical Triangle - 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