British Pound / Euro
My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8557 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8550 About Used Indicators: Pivot points are a...
Hello,Friends! EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.852 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair. ✅LIKE AND COMMENT MY IDEAS✅
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago, price broke resistance level and started to trades in flat, where it declined to support level. Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level. After this, GBP started...
Regarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity. On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential...
The EURGBP on the 1H time frame has broken structure to the downside we can see lower highs and lower lows and we're looking for an entry short on the retrace targeting previous lows as shown on the chart markup. For educational purposes only, not financial advice.
Greeting Traders, in Daily chart a bearish channel is obvious! The same thing, but bullish, could be seen in 1h I think price while regarding the long-term analysis we are bearish, we could take small profits out of a correction. Just remember this trade is a little more riskier than others. Take less risk than your normal risk. Best regards,
The EUR/GBP has been ranging between the 1st resistance and pivot point. The price might rise to pivot and react off the level, then drop towards the support level. Pivot: 0.85596 Support: 0.85000 Resistance: 0.85722 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
In this chart we have spotted cup & handle on 1H time frame and we looking for a long entry with two TP's. But I have also spotted BEARISH DIVERGENCE which might be sign of Reversal. So my hopes with LONG POSITION.
EUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a...
Market Analysis: EUR/GBP Aims More Upsides EUR/GBP is gaining pace and might extend its rally above the 0.8550 zone. Important Takeaways for EUR/GBP Analysis Today EUR/GBP started a fresh increase above the 0.8535 resistance zone. There is a major bullish trend line forming with support near 0.8535 on the hourly chart at FXOpen. EUR/GBP Technical...
The price moving near 0.8546. As mentioned in the price chart order block area is good for buying which is near 0.8510. If the price respects this zone and makes a bullish price action structure then initiate long positions. Good Luck.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
EUR-GBP is making a bullish Rebound towards the horizontal Resistance level of 0.85686 And after the retest I believe We will see a bearish correction !
Let's delve into analyzing this popular forex currency pair together. 📈🔍 On the daily timeframe, we've reached a highly significant weekly support level. If breached, it could lead to a sharp new movement towards the 0.84060 range.🕰️⏳ Moreover, within this timeframe, there's a descending trendline. A break and confirmation below the 0.85698 trigger could prompt...
EURGBP - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy EURGBP Entry - 0.8522 Stop - 0.8511 Take - 0.8546 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Here is our detailed technical review for EURGBP. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.851. P.S The term oversold refers to a condition where an asset...
Analysis: EUR/GBP is exhibiting a bearish breakout from a descending triangle pattern. This technical development suggests that the GBP is gaining strength against the EUR. A break below the triangle's support line often precedes an accelerated downtrend. Supporting this bearish outlook is the Relative Strength Index (RSI) currently trading below 50. This...
✅EUR_GBP has been falling recently And the pair seems locally oversold So as the pair is approaching a horizontal support of 0.8500 Price growth is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅