OANDA:EURGBP has been consolidating for a while now it has broken recent resistance level with strong bullish momentum. It is currently retracing to fib 75% level where we can look for buying opportunity up to recent highs.
British mortgage holders and businesses are resilient to high interest rates and problem debt levels are much lower than in the aftermath of the 2008 financial crisis, the Bank of England said on Monday. While the overall environment for global financial risks remains challenging, and there are concerns about specific areas such as private equity, the UK's...
Hello Traders! I'm looking for a long trade on EURGBP. I see that FVG is partially closed, I expect it to be fully closed and after that, I will look for a long entry in case of confirmation. Also, it could be a good opportunity to look for long trades in a smaller timeframe. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share...
After having or patience tested this entire week, the markets are finally producing the setups we want to see! The mark of a good trader is the ability to sit on your hands when the opportunities are scarce, while the bad trader loses all his money forcing trades in subpar market conditions.
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...
My bias on this pair is long. and it will be long until around June this Year. Study the price patterns over the years and you will get to this. in the meantime, trade safe.
It is coming back from the bottom of the range. The probability of success is 60%
EURGBP pair has experienced a bullish trend in the 4-hour timeframe following a breakout above a significant resistance level. The correction phase, completing 50% of the last impulse, suggests strong upward momentum. With the completion of the Elliott 4th wave, the price is now advancing towards the next resistance level, potentially marking the conclusion of 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...
FX:EURGBP EURGBP consolidated between the 0.85300 and 0.85585 price levels before breaking above to create a higher high. At the high on the 30-minute time frame price created a double top that has yet to be retested. After the formation of this pattern price fell. The 61.8 Fib level aligns perfectly with the breakout of that consolidation area. If the 61.8...
EURGBP has shifted to a bullish sentiment by forming HH and HL. Possible trade opportunity.
D1 - Price is bouncing higher from a key support zone. Bullish divergence. H4 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further in the short term after pullbacks.
There has been a reaction to the downward trend, but there is weakness in the correction and as a result, the power to rise. The targets have been identified
Detailed EUR GBP forecast as well as a Euro British Pound technical analysis via moving averages, buy/sell signals, and common chart indicators.
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
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.