Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.843. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level. P.S We determine...
From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week....
EUR/GBP is now back at lows seen 22 months ago after support around the 0.8500 area fell with ease earlier today. This area now turns into short-term resistance. The next level of support is seen at around 0.8340, the early August 2022 swing-low.
Sentiment in Europe remained pessimistic for the second consecutive day. Concerns about the continent's political future were underscored by the EUR/GBP reaching its lowest level since August 2022, alongside a sharp decline in French bonds and stocks. The yield on the benchmark 10-year French bonds increased by another 10 basis points as bond prices fell for the...
EURGBP initially began the year in a fairly well-defined trading range but showed bullish impetus after breaking out of the consolidation pattern. However, bullish momentum appeared lacking, as the pair struggled to maintain a steady directional move and has since shown a penchant towards mean reversion. 0.8635 proved too high to handle for the pair previously...
The euro, as the second most traded currency globally, is heavily influenced by the political stability of the European Union (EU) and global geopolitical dynamics. The stability of the euro is linked to the political environment within the EU, where recent events like the rise of EU-skeptic parties and political turbulence in key member states, such as France and...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8495, which is a pullback resistance and a 61.8% Fibonacci retracement. Our take profit will be at 0.8447, a swing-low support level. The stop loss will be placed at 0.8540, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin...
That liquidity zone is so heavy !! A long the time accumulate all the liquidity.. Remember this pair is the most powerful, because there are two strength currencies .. If you understand long term, you have a money gun.. Obviously with the perfect strategy !! if you liked it, FOLLOW ME
EURGBP I neither trade the news nor any SMC or chart patterns, etc. I trade solely and exclusively based on algorithmic structure. According to the algorithm, a long swing trade is warranted here. I have mentioned the entry level and TP (Take Profit) and SL (Stop Loss) below. BUY ENTRY = 0.84345 STOPLOSS = 0.84042 TARGIT 1 = 0.84991 TARGET 2 = 0.85400 TARGET 3 = 0.86016
EUR/GBP Rate at 21-Month Low Post-European Parliament Elections Investors will begin the week in a state of uncertainty regarding the outlook of Europe's political landscape. The four-day European Parliament elections concluded on Sunday. According to Reuters, the results showed a significant gain for eurosceptic-nationalists, who have displaced liberals and...
Hello traders, hope you doing great. for upcoming week, I think we'll probably see an upward trend to the specified level. so with a proper trigger, we can open a long position. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was helpful to you, please like and share with your friends. Thanks.
After the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat. EASYMARKETS:EURGBP #EURGBP Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads...
The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.851. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.855 level. P.S We determine...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction. ❤️Please, support our work with like & comment!❤️
The current pattern forming on EURGBP is a bullish pattern. I am expecting EURGBP to make a move upward to take out the previous high before deciding to get to my tp level.
Trying EURGBP higher here. rate differentials are near the highs while the pair is at the lows, the pair tried to move below the current range but didn't quite make it which i think is a good sign. We also have a hammer on the daily chart. The narrative i think is shifting as well, EUR data is surprising to the upside and there's a chance of a hawkish ECB this...
EURGBP has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence. If the sell pressure resumes and buyers gets active the optimum target will be 0.8550. What you people think of this idea ?