EURGBP is very close to 2019's market low.
Pay close attention to 0.847 - 0.854 demand zone .
Bets are very high that we will see a pullback from this area.
Also, it is very easy to protect our position setting our stop just below the identified low.
Target level is based on structure and projection of BC leg.
0.87
this is the update for my previous trading plan on EURGBP .
The lower boundary of a flag has been adjusted.
After multiple attempts to break above the 0.892 level the market is still standing below the identified resistance.
My bias remains bearish and I am waiting for a bearish violation of a flag.
Targets have been also...
hey traders,
EURGBP is currently trading within the rising parallel channel .
What is worth paying our attention to is recent rejection from 0.893.
It looks like sellers accumulate their selling positions around this level.
based on this observation and horizontal structure on the left I have
identified a potential...
Following the Head and shoulders pattern break down, and perfectly respecting the slanted neckline, we have since seen further continuation to the downside.
Right now, we are seeing what I call a complex pullback which can be used to build a high probability entry zone.
First we have the Level of historic structure that has been respected more often than its...
EURGBP is still very very bullish .
Next zone on my radar is 0.905 - 0.91
I will be looking for a signal inside this area to short the pair.
Target levels will be 0.895 and 0.891
EURGBP potential sell as GBPUSD can be a potential rise. This pair has failed to surpass the level of 0.89500. We are now looking this to reach the lowerside of 0.88700
The Euro vs. the British Pound. This pair represent a cross between the two largest economies in Europe, the Euro Zone and the Unites Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
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