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...
Hey Traders! 👋 For Day 30/100 of our challenge, we will look at EURGBP for downside potential this week/month Technicals: - Overall downtrend - Break below 0.858 support - Support created at 0.0.854 - Expecting retest back to 0.858 for potential shorts - Or a break and retest of 0.854 - Target is 0.85 - Invalid thesis when 0.861 is breached to the...
Multiple time frame analysis on EURGBP. Price action & key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a downtrend in which it is approaching the major trend at 0.86100 resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.859 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows especially with current BoE hawkish sentiments. Trade safe, Joe.
2023-2024 Exchange Rate Forecasts From MUFG Pound Sterling: BoE Forecasting Errors Increase GBP Risk Profile MUFG has significant reservations surrounding the Pound outlook. As far as inflation is concerned, it sees significant risks over the medium-term implications. It notes; “The sense that the UK has a bigger inflation problem is creating downside risks...
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 seems to be in a correction phase in which it is approaching the major trend at 0.86500 support and resistance zone. Trade safe, Joe.
EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022. This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021. Trading Plan: 1. Buy on the current market...
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Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86300 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently EURGBP seems to be in a correction phase in which it is approaching the retrace area at 0.86300 support and resistance area. Trade safe, Joe.
EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices. Prices are consolidating near the cycle lows on the 1-hour chart...
EURGBP is approaching a Triple Support combination: Support A (0.85500), the bottom of the Channel Down, and the 1day RSI's Channel Down bottom. The 1day RSI is also oversold under 30.00. As long as the price closes over Support A, buy and target the top of the Channel Down at 0.87500. If it closes under Support A, sell and target Support B at 0.83700. Follow...
The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP broke an important support level and currently we are waiting for a correction in order to see a potential retrace of the break out towards more lows. Trade safe, Joe.
Cette paire semble maintenir sa descente. Elle a dépassée son support.
Today's focus: EURGBP Pattern – Range/Descending Triangle Possible targets – .8600 Support – .8670 Resistance – .8705 Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87 zone, EURGBP is trading in a downtrend and we have noticed a fake out, price got below the trend again and currently in a correction phase in which it is approaching the major trend at 0.87 support and resistance zone. Trade safe, Joe.
✨ NEW: EURGBP...DT (1M/16H) ✨ POSITION TRADE ✨ SLO1 @ 0.8830 ⏳ SLO2 @ 0.8815 ⏳ TP1 @ 0.8375 (shaving 25%) TP2 @ 0.8040 (shaving 25%) TP3 @ 0.7515 (shaving 25%) TP4 @ 0.7200 (closing ALL Sell Orders) BLO1 @ 0.7085 ⏳ BLO2 @ 0.7015 ⏳ As of today, May 25, 2023, the EURGBP pair is trading at 0.8669. The pair has been in a downtrend since the beginning of the year,...