Preferred direction: BUY Comment: In the near future, it is very likely that the US dollar will weaken (short term). In anticipation of this, an excellent formation was formed on the GBPUSD pair. The potential move to the level of 1.28484 (minimum). Important conditions for. Thank you for like and share your views!
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price tarded inside from flat, where it sometimes fell to support area. After flat, price bounced down and made downward impulse to $0.8570 level, which coincided with support area. Thereby breaking past supports level and area and later British...
Please, check our technical outlook for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.855. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.874 level soon. P.S We determine oversold/overbought...
With recent Bank of England actions it makes sense the GB pound might strengthen a bit. On the 15 minute- chart, the pair appears to be rising from a double bottom far below the high volume area of the multi-session volume profile. On the MACD indicator, the MACD line is downgoing but appears to be curling toward a reversal and is considerably below...
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...
The analysis of the EURGBP chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
On EUR/GBP is nice to see strong sell-off from the price 0.85560, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Downtrend + Strong volume area is my...
Waiting for a retest of 0.85680 to short EURGBP back to key 4H level at 0.85000 If you agree drop a like and if you have any questions leave a comment :)
✅EUR_GBP will keep falling Because the pair is in the downtrend And recently broke the key level of 0.854 So we will be expecting Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Price keeps forming lower highs. It broke 0.85400 support zone. I expect retest of this broken support or new lower high formation around 0.85600 followed with a bearish move.
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...
Hello,Friends! We are going long on the EUR/GBP with the target of 0.861 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Traders! EUR-GBP broke the key Horizontal level of 0.8566 Which makes us bearish Biased and we will be Expecting a bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Based on the current market conditions, it is anticipated that the price will likely experience a decline from its present levels and potentially reach a value of 0.85385. The 4H timeframe is currently in descending channel and we can see price recently came close to testing the order lock above. : On the daily timeframe we are pushing though the volume...
we can see its forming a lower low and them lower highs so we wait for it to break the structure take out the inducement and hit our POI then we can go for a short to the HTF buy POI ps:trading is reactive not predictive
With visible data and bearish trend, there is added potential to move to the downside.