FX:EURGBP   Euro / British Pound

short order went active 1 am gmt+3.

now I expect bearish continuation to lower structure levels.
T1 - 0.9185
T2 - 0.912
Stop - 0.93
Comment: Please, also check my recent analysis on GBPUSD
Trade closed: target reached: T1 reached
Comment: Bearish continuation
Market is going to the second target
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congratz Mr Ponomarev, TP reached, both of them
stock market going through difficult time
Share your analysis on EURGBP here
Erland VasilyPonomarev
Well spotted!

As mentioned on your previous analysis - we are in a bearish move but it will be painfully slow. Price came down 0.922 only today after UK sales report. Price is not going to drop at a fast rate although all UK data from the last few reports was good. The lowest we can go today is 0.9165 but 0.918 should stop the fall. It will take around 2 weeks (at least) before we can reach 0.905-0.895 levels as buyers are not giving up easily. So 0.912 level you have indicated is the one to aim for in the coming 3-5 sessions. And every rise should be taken as a sell offer. 1H and 4H charts are suggesting we should go back to 0.927 -0.925 level soon before a good drop down.
@Erland, yes, it may retest the broken level and even reach the higher resistance. good thoughts, my friend
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