EURGBP will continue to fall to the support line. The price is at the resistance level of 0.8736 and the trend is falling.
I've added notes to the chart that validate why I believe this is a buy opportunity based off of using the Elliott Wave Theory. I believe we are in a corrective structure of a regular flat (3-3-5), moving into wave C. Price is currently sitting in a demand zone.
This week's trade on Euro will be pre-assumed that there will be a strong dollar. I think there will be strength on the AUD also (and NZD(, but the USD strength this week makes me favor the short. Technically, this is a perfect setup. Confluence include fibs, key-levels, patterns, and bias, and fundamentals. Cheers, 01:26:18 (UTC) Tue Apr 28, 2020
Hover on anchored text for analysis.
2 approaches (Camarilla pivots + DeMark and Fibonacci Pivots + Ichimoku) are foretelling the same move. For educational purposes only.
Because it pulled down so sharply, In expect it to continue downtrend.
Head and shoulders on 1H. Broke below 61.8 on 4H. Bearish price action
We can see drop after 3rd Touch Confirmation. ThankYou
EUR/AUD is Tricky This Week 08:22:42 ( UTC ) Mon Apr 27, 2020
EUR/GBP- Weekly TA 07:45:03 (UTC) Mon Apr 27, 2020
Post what you think will happen in the future below, 07:21:45 (UTC) Mon Apr 27, 2020