As it can be observed from the DAILY timeframe chart on EURGBP, the sentiment of the market is bearish. After printing a Head&Shoulders pattern and grabbing liquidity above the right shoulder of it, the price experienced a massive drop and is now sitting on a key zone of support. From here, we are expecting for some correctional moves to happen before the...
Preferred direction: SELL Comment: At the beginning of a new trading week, the Euro is trying to recover, but most likely this attempt will not succeed. The price approaches the round level 1.09000, which is the resistance. From this value, the downward movement is expected to continue towards 1.08485, with a further move down. Thank you for like and share...
Update for EURGBP. Earlier, we spotted a confirmed breakout of a key daily support. The market is retesting the broken structure at the moment. The price formed a bearish flag pattern on a 4h time frame. Your confirmation to sell will be a breakout of its lower boundary - 4h candle close below a trend line will confirm a violation. A bearish continuation...
EUR/GBP declined heavily below the 0.8600 and 0.8565 support levels. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is trading in a bearish zone below the 0.8565 pivot level. · There is a major bearish trend line forming with resistance near 0.8545 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
This pair is currently locked within a long-term range on the Monthly charts, spanning from 0.82 to 0.92. Our current path is leading us downwards, inching closer to the lower boundary of this range, which is setting the stage for nice buying opportunities. We a Weekly BUY/DEMAND zone that was created in Aug last Year, starting at 0.845. Additionally, a weekly...
Hello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EUGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello,Friends! EUR/GBP is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...
Please, check our technical outlook for EURGBP. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.853. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.851 level soon. P.S Overbought describes a period of...
hello traders honestly i did not find this my self it was idea of @VasilyTrader after watching his video about eurgbp i decided to hop on the chart and i found that the price formed a head and shoulder with a broken retested neckline on the daily tf . @VasilyTrader Latest video provides more signs that the price may be heading down i recommend everyone to go...
Preferred direction: SELL Comment: The maximum similar situation, as with the British pound, has developed for the euro. This tool is also prone to falling, which we noted earlier. The closest prospect of a fall is seen at the level of 1.08485, with a further prospect of a fall to 1.07882. Thank you for like and share your views!
EURGBP broke and closed below a key daily structure support. The broken structure turned into a strong resistance. The market is currently retesting that. I will expect a bearish movement to 0.8515 ❤️Please, support my work with like, thank you!❤️
Hello,Traders! EUR-GBP was going down But will soon hit a support Level of 0.8505 from where I believe we will see a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP Sell Swing Stop Loss: 159.5 Targets: 158.6 158.4 158.2 157.2 156.0
Preferred direction: SELL Comment: The US dollar continues to actively put pressure on the European currency. The euro and the British pound hold the blow from the American the best, but still fall. The fall is expected to continue. Ahead we have a local level 1.08485 and more significant support 1.07882. From these levels, and we can expect at least another...
EURGBP - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Long EURGBP Entry Point - 0.85515 Stop Loss - 0.85321 Take Profit - 0.85807 Our Risk - 1% Start protection of your profits from lower levels. ❤️ Please, support our work with like & comment! ❤️
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some day ago bounced from the buyer zone, which coincide with the 0.8555 support level and reached the 0.8655 resistance level, but then it started to fall and entered to the downward channel. Inside the channel, EURGBP declined a lower 0.8555...
🔸speculative buy/hold setup for EURGBP bulls, diamond bottom setup in progress. accumulation in range with low volatility, expecting sequence to complete soon. 🔸Bulls maintain control, bottoming in progress currently, final dip/pullback towards 8550 is a great buying opportunity, bulls getting ready for a reversal off the lows. 🔸Recommended strategy bulls: bulls...