Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP is trading in an up trend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85150 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85150 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently seems to be attempting to break it out. if we get a breakout and rallies above the 0.85600 resistance area we would be looking for a potential retrace of the trend towards more highs. Trade safe, Joe.
We're seeing price rise towards a major overlap resistance at 0.8552 which also coincides with a 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and a shorter term 61.8% Fibonacci retracement. It's worth noting that there's a fair bit of bearish momentum too wish the descending resistant line and the bearish ichimoku cloud pushing prices down. A drop...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84950 zone, EURGBP is approaching a significant weekly support zone of 0.84950. If bulls are confirmed i would consider 0.87 as a target as it's considered the next major resistance area EURGBP will be facing. Trade safe, Joe.
EURGBP got rejected last week on the 1D MA50 turning the 1D timeframe bearish technically (RSI = 42.823, MACD = -0.002, ADX = 20.983). Given the fact that the 2023 pattern is a Bearish Megaphone, we expect a continuation of this downtrend to the LL trendline. We are selling with an initial target on the 0.786 Fibonacci level (TP = 0.84450). ## If you like our...
Hey there traders, OANDA:EURGBP This pair will push up side,,,,, Structure has a strong resistance,,,,,, Recently trend has break the resistance We have 3 target Lets watch,,,,,,what market does,,,,,,!!!! Be happy Trade safely Follow money management
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance zone. Trade safe, Joe.
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Hey Traders! 👋 For Day 39/100 of our challenge, we will look at EURGBP short idea and how we can trade the range Technicals: - Prior to range, structure was bearish - Strongly rejected 0.863 key level - Now retesting middle limit pivot area - 79% retracement rejected as well - Expecting the fill of range bottom at 0.852 Fundamentals: 🇪🇺 Despite ECB remaining...
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.85750 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.85600 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.865 support and resistance zone. Trade safe, Joe.
A Large Distribution on EURGBP Looking to sell, waiting for another test will complete the schematic./ Like and Follow :) What do you think of EURGBP??
On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has...
Looking for sell opportunities in a new bearish trend formation. Use proper risk management. Happy trading!
BNP Paribas 2023-2024 Exchange Rate Forecasts Euro Can Secure Capital Inflows The bank maintains a broadly constructive stance towards the Euro. It expects that the ECB rate hikes and quantitative tightening will encourage foreign inflows and domestic repatriation. Although BNP expects that energy prices will strengthen, it does not expect a return to 2021...
Hey Traders, in the upcoming week, our attention will be focused on monitoring EURGBP for a potential selling opportunity in the vicinity of the 0.85800 zone. EURGBP is currently engaged in a downtrend, and our strategy entails awaiting a corrective phase to evaluate the likelihood of a rejection of the prevailing trend within the support and resistance region...