We wish that our analysis could be helpful on your trades. Here is an update for EUR/GBP, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 0.77860 and place your TARGET at 0.78070
We hope that our analysis can help you in your trading. This is an update for EUR/GBP, it is predicting for PRICE BREAKOUT. It would be a great idea to SELL on 0.79300 and place your TARGET at 0.79170
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
MACD is showing bearish divergence and RSI is around the oversold. We have 1.272 extension, previous resistance area and a trendline, all pointing towards the downside
Fundamentally the euro is one of the weakest currencies out there and the recent rally is another excuse to go short. The GBP has got some potential as the next rate decision is likely to be an increase according to the BoE. tECHNICALLY WE CAN SEE THE PINBAR REJECTION OF THE 7800 LEVEL WHICH WAS OUR BUYING TARGET FROM A FEW WEEKS BACK AND A POTENTIAL REVERSAL...
* EURGBP R1 at monthly pivot point looking to hold and reverse. * Defined sell zone * Stochastic overbought and cross
Am shorting this pair, strictly on oversold condition, and a forecast positive GDP figures, GOODLUCK
If it Rejects On this Lower Trendline By Closing Above This Trendline i am gonna long here with take profits@ upper flag 2nd condition If market rejects the upper trendline then i am gonna short with take profits@ lower flag
Learn 2 trade like a pro - boafx.com With the recent hike in CPI in the UK primarily due to clothing it would make sense that we will see good figures coming from the retail sales today at 9:30am GMT. The nice big pull back on this currency pair yesturday has given us a great opportunity to sell this pair once more.