EURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending...
The EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the...
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance area.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85400 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85400 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.85320 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85320 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
Pound, unlike the euro, continues to be in the context of a long movement, but at the same time, we have initiated a short order flow. Prioritizing, just like the euro, is working in the short direction, with goals set at SSL.
The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the...
As I predicted earlier, EURGBP dropped nicely after a key structure breakout.
It turned out that the price managed to violate one more support.
The pair closed below 0.8650 - 0.8665 area.
The broken structure turned into a key resistance.
We may anticipate a bearish continuation to 0.8625
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Hello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the...
EURGBP is trading within a wide horizontal range on a daily.
Its upper boundary was reached last week.
Analyzing the reaction of the price to that, we can spot a narrow horizontal range
on an hourly time frame.
Its support has just been broken - it is an important sign of strength of the sellers.
I anticipate a further decline now to 0.8666 / 0.865
...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a buying opportunity around 0.86600 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86600 support and resistance area.
Trade safe, Joe.
This can be a potential triangle pattern. It is drawn two lines between the strongest and most recent reaction zones. I think the price will bounce back up to create a third touch in center where the two lines crosses before making its way down in the major trend.
Update for EURGBP.
Earlier, we spotted a confirmed breakout of a key daily support.
The market is retesting the broken structure at the moment.
The price formed a bearish flag pattern on a 4h time frame.
Your confirmation to sell will be a breakout of its lower boundary
- 4h candle close below a trend line will confirm a violation.
A bearish continuation...
