Looking from the top down, 0.8 is I think potentially long term downside support, but until 0.85 it will be of interest to take it long after multiple rejections back up to 0.87. I think this week we will consolidate around the current zone in yellow and that we will be able to take advantage of a break out to either side. Preferably the downside. For this...
Still no entry yet this week on any trades. On the weekly, you can see a major support zone of 0.85 looking at the longer term timeframes. I feel like from this price that EUR/GBP will push up alot. Multiple 100 pip targets once we score an entry. I think we can break through 0.85, and we can then see some downside movement on pound pairs and then to the upside...
Looking to SELL EURGBP in SELL AREA and to close position in TP AREAS. (30+ PIPS) - Enter on price action Trade Safe
No further analysis as from the chart, if you know your trends, then this is simple as it gets. Expect to enter this trade on Wednesday after CPI release form both EUR and GBP.
FX:EURGBP Setup: HNS Conf: BRN CRS Broke Neckline Sell @ 0.8890 SL @ 0.8950 TP @ 0.8750 Note: first attempt failed. Now I see my entry trigger again so I will still take the trade. Let's see how it goes. TAYOR Let me know your thoughts.
EG Bear's Eye View... 2017 big bear dump at these levels. This month is turning into a needle in the sky. Supportive Fib zones dot the way down (.906 .899) to meet the 44ma, which, for whatever, reason showed support in April. What's up Brexit? UK looks strong to me. Me not know. Europe looks very intricate, like an MLB team that doesn't win but makes...
FX:EURGBP Don't fall for the buy signal unless there is Brexit drama
Analysis team placed short on EURGBP @0.9216 with the intra day target @0.9163 on 15th August, 2019: