📉 Let's analyze the EURGBP currency pair together across lower time frames and explore possible strategies and scenarios.
💹 This currency pair tends to form boxes and mostly trades within ranges across various time frames. Whether in higher or lower time frames, it moves within both large and small boxes.
💼 For range traders, especially in the 4-hour time frame,...
Hello traders, we want to check the EURGBP chart. After breaking the uptrend line, the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 0.85400. Good luck.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle.
In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around.
In a short time, price...
Daily:
- Natural M
- FO of the D 100 level
- Bullish indication candle
- New action (fresh liquidity)
*Break even or limit remove when we hit the IC in 4th leg
Weekly:
+ MS (and Inv H&S pattern)
- LCC (last power are bullish orders on friday)
+ ZONE
+ FIB
3/4 LONG with Weekly pattern and now ABC pullback possible with fresh liquidity
4H:
- Inv H&S...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area.
Trade safe, Joe.
Market Analysis: EUR/GBP Dips to Support
EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP is trading in a bearish zone below the 0.8572 pivot level.
There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen.
EUR/GBP Technical...
Take a look how EURGBP reacted to a daily falling trend line
on a 4H time frame.
The market started to consolidate within a narrow range
and was stuck within for 2 trading days.
Today we see a strong bearish movement with a confirmed violation
of the support of the range.
It indicates the strength of the sellers.
We can anticipate a bearish movement lower,...
EURGBP / 1D
Greetings, traders! Welcome back to another market analysis.
EURGBP pair has been trading in a Bearish trend within a larger trading range, the price is showing evidence of a pull-back mode so far. Therefore, I'll be looking to get on a pull-back trade here to close the GAP.
Trade safely,
Trader Leo
Let's thoroughly analyze this currency pair on the final day of the week to potentially open positions once the market resumes activity. 📊💰
In higher time frames, many currency pairs are currently consolidating without a definitive trend, but lower time frames reveal promising trends.🎯🕰️
On the daily timeframe, whenever we approached the downtrend line,...
EURGBP: Watch To Buy Around 0.8500
EURGBP is going up and down for a long time.
To be more concise, it has been moving for about 3 months in a narrow trading range of 70 points.
You may find more details in the video!
Thank you and Good Luck!
Hello,Traders!
EUR-GBP broke out of
The bearish flag pattern
And the breakout is confirmed
So we will be expecting
A further move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Summary:
Our analysis on the FX:EURGBP pair suggests a potential long entry based on technical patterns and key Fibonacci levels. The aim is to capitalize on a bullish reversal targeting the supply zone overhead.
Technical Analysis:
The 4-hour chart indicates a recent bearish push into a zone of demand, marked by an FVG around the price level of 0.84995....
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 0.8596 which is a level that sits above a pullback resistance.
Take profit is at 0.8531 which is a pullback support.
High...
The earlier predicted sell just took TP, looking for buying opportunities on this pair, not much confirmation done, high chances of the chart breaking down to older support levels, but should do so once the retest to the upside has been fully done.
Hello,Traders!
EUR-GBP made a rebound
From the demand levels
Below around 0.8531
Just as I predicted but
Is now retesting the broken
Support line of the inclined
H&S pattern that broke to
The downside and this broken
Support line is now a rising
Resistance so I will be
Expecting the pair to make
A local bearish pullback
Sell!
Like, comment and subscribe...
Hey Rich Friends,
EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at:
- Prior rejections in this area (red rectangle)
- Candles below 200 EMA
- 200 EMA preparing to cross 50 EMA on the Weekly time frame
-MOM is negative
- STOCH below 50
- GBP news on Tuesday, Wednesday, and Thursday
Market Execution Or Sell...
