Preferred direction: SELL Comment: The pressure on the euro caused by fundamental factors, especially on Friday, forced buyers to retreat significantly and take aside plans to go to 1.10677. Now, the best way would be to wait for the approach to the support area 1.07882-1.08312. Thank you for like and share your views!
EURGBP could fall towards an overlap support that aligns with the 61.8% Fibonacci retracement level. Price could hit the buy entry at 0.85654 and potentially reverse to bounce higher. Take profit is at 0.86309 which is an overlap resistance that sits under the 38.2% Fibonacci retracement level. Stop loss is at 0.85219 which is a recent swing-low. Please be...
Pair : EURGBP ( Euro / British Pound ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trendline and Retracement Break of Structure RSI - Divergence S / R Level Completed " 12345 " Impulsive Wave
EUR-GBP broke the falling Resistance line and while Struggling, still is making It's way up slowly so I Think that we will see A further move up !
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 is in a correction phase in which it is approaching the major trend at 0.865 support and resistance zone. Trade safe, Joe.
Fed Chair Powell's Testimony Dampens US Stock Market, BoE Set to Raise Rates Amid Bleak Outlook Key events: Switzerland - SNB Interest Rate Decision (Q2) Switzerland - SNB Press Conference UK - BoE Interest Rate Decision (Jun) UK - BOE Inflation Letter USA - Initial Jobless Claims USA - Existing Home Sales (May) USA - Fed Chair...
Preferred direction: BUY Comment: Market participants are waiting for the decision of the Bank of England on the interest rate, that, according to analysts' forecasts, is likely to be increased. Today, the rate has already been raised in Switzerland, and most likely the UK will also continue to raise, as there are reasons for that. Technically, the instrument...
EURGBP has given the breakout of important resistance zone, as it has already break through declining trendline. Bullish divergence signaling some long setup.
According to my analysis of the eurgbp pair. There is a high probability of an ascending trend with the breach of the descending channel. And breaking the strong resistance at 0.85400. good luck for everbody
Welcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello,Traders! EUR-GBP was trading in a Downtrend in a falling narrowing Wedge pattern but now we Are seeing a confirmed Bullish breakout so we are Now bullish biased and I after the pullback and Retest of the broken Falling resistance a Move up is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURGBP is eyed as a 8550s downside target while below 8620 or thereabouts as shown in the video.
HOW TO PROFIT FROM EURGBP RISE AND BREAKOUT. EURGBP has been on a consistent bearish fall. this breakout could either be a false breakout or a change of trend. Nevertheless we wait for more trade confirmations, but i suggest buy limits be placed at the 1 hour FVG or OB
High probability EURUSD longs off a 5m Orderblock + FVG looking to hunt buy side liquidity
Preferred direction: BUY Comment: The EURUSD currency pair continues to trade near the level of 1.09526, but buyers are still unable to close higher. For potential growth, this is a necessary item for a successful entry point with a small Stop Loss. It is also necessary to remember about the SELL-set up, if the sellers still manage to close below the local...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a strong bearish market structure, so I am looking only for shorts. I want to see price to continue the retracement and then to reject from bearish order block + institutional big figure 0.86000. Fundamental analysis: Tomorrow week we have news on GBP, will be released...
OANDA:EURGBP The price has reached to the top of the channel and I expect the price to drop to the bottom of the channel. what's your opinion?
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!