The selling zone for EURGBP is identified at 0.85768. It's advisable to consider taking profits at 0.85425, 0.85246, and 0.84768. Additionally, it's recommended to set a stop loss at 0.86101 to mitigate potential losses. It's crucial to monitor the market closely and adjust your strategy accordingly.
EURGBP had been trading within a large horizontal range on a daily basis for over a month. However, last week, the price successfully broke above its resistance level, indicating strength from the bulls. The price is now testing the previously broken structure and is expected to continue rising. Potential targets are at 0.8602 and 0.8619.
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Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
buying opportunities as the price breaks above and now fills all the rejections it might continue to push up if price breaks on 0.85600 the the long opportunities are now violated thus we wait for daily close on the trendline
The selling zone for EUR/GBP is identified at 0.85451. It's recommended to take profits at multiple levels: 0.85352, 0.84890, and 0.83970, ensuring a diversified approach to profit-taking. A prudent stop loss is advised at 0.85930 to mitigate potential losses. This strategy aims to capitalize on the downward movement of the EUR/GBP currency pair while managing...
EURGBP has shifted to a bullish sentiment by forming HH and HL. Possible trade opportunity.
Currently, EURGBP is exhibiting bearish institutional order flow , leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the...
The Bank of England's Monetary Policy Committee (MPC) voted eight to one to keep interest rates at a 16-year high of 5.25 percent, after two policymakers who had previously called for a rise reversed their stance. On Wednesday (March 27), Bank of England Governor Bailey said the economy was moving in the right direction for the central bank to start cutting...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
The EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the...
FX:EURGBP on the background of stronger decrease of GBP than EUR, connected mainly on the background of economic and geopolitical factors allows the currency pair to break the resistance of consolidation. Globally, the currency pair is in neutral-negative condition, as there is no clear trend, at the same time a wedge and symmetrical triangle are traced on the...
Eur/GBP opened close to 0.8577 after a mixed intraday session on Friday, as the pair remained fixed due to mixed UK and EU economic data. On Friday, European Central Bank President Christine Lagarde told EU leaders that they expected euro zone inflation to continue to fall, adding that economic growth in the bloc was expected to pick up this year, largely driven...
EURGBP is making double bottom with bullish divergence on daily time frame which indicate its trend reversal
As long as 0.85600 is resistance. Look for short targets 0.85046
Yeah that looks like it going down on the HTFs. Dont like this pair, tends to consolidate a lot. Not my cup of tea you know...
As depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure. Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time. If you've found...