Waiting for a retest of 0.85770 to long EURGBP back to 4H swing High at 0.86457 If you agree drop a like and if you have any questions leave a comment :)
EURGBP is making higher lows and higher highs. The market broke and closed above the resistance that became support. The market is pulling back to support and the fibo level, which is the confluence level. We anticipate a pullback and continuation of the trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
This pair looks like a reversal, with prices rising through the trendline and CHoCH occurring, it could be that now it is entering a correction period. if you measure the current wave c, it is the same as the length of wave a. there could be a correction a-b-c-d-e with the target D1 resistance area which is also in the fibo extension area of 1,618.
Hello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the EURGBP pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction. 2:📆Monthly: A sideways to bullish market is...
Price was hit support line, and waiting to rejection by not hit the lowest price.
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 !
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
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...
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...
✔️ EURGBP is expected to rise ✔️ Recommended to consider buying from the balance and premium level 0.8560 & 0.8536 Trade active: Now try to go up with new buyers... ⚠️ Buy the dips!!!
Based on the analysis of several indicators, it appears that FX:EURGBP is likely to experience an upward trend starting from next week. Signal Decomposition In the weekly chart, the signal decomposition indicates that all frequencies are pointing towards an upward movement, suggesting that the Euro (EUR) will dominate the British Pound (GBP) in the coming...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released...
EURGBP created a double top at the kill zone and psychological level at 0.86000. Price is moving in the descending channel, and it pulled back to the level where it dropped from. We anticipate a sell off and a bearish move since the trend is bearish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
After Friday's break under the recent low, EurGbp reversed yesterday leaving a strong bullish engulfing on our daily chart exactly in 0.8550 zone support. This bullish engulfing could be an indication that more gains are coming and the target for bulls could be 0.8720 resistance. In the case of a new low, this outlook is negated.
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for the positive sentiment in EUR is that the USD has been quite weak in recent weeks. But a good UP SIDE BIAS is coming for EUR...
The EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement. Several technical indicators support this bearish outlook. The pair's recent price action has formed a series...