The EURGBP pair is testing the top (Lower Highs trend-line) of a short-term Channel Down inside a 1 year Channel Up pattern. The previous two such patterns gave a buy signal when a 1D candle close above them. If that happens, we will buy and target Resistance 1 (0.89800). Our trading plan involves selling at the top of the Channel Up (Higher Highs trend-line) if a...
The EURGBP trades within an ascending triangle toward the 0.8824 resistance level. This upward move follows the rejection of the 50% Fibonacci retracement level from the longer-term upward move. Look for a breakout to the upside with the price needing to trade beyond the 0.8830 price level which coincides with the 50% Fibonacci retracement level from the recent...
The EURGBP pair is currently on the 1D MA50, trading inside a long term Channel Up for more than 1 year. The 1D technicals are neutral (RSi = 51.179, MACD = 0.000, ADX = 27.770) meaning that this level is gradually turning into a buy opportunity inside the Channel Up. Every rally made at least a 5.00% rise, so we are targeting the top of the Channel (TP =...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87500 zone, EURGBP is trading in an uptrend and now seems to be in an uptrend in which it is approaching the major trend at 0.87500 support zone, once bulls are confirmed i would consider 0.88500 as a target as it's considered the next major resistance zone EURGBP...
follo the levels EUR/GBP bears are back in the race during early Monday as the quote drops to 0.8845 amid the initial hours of the European session, after being absent in the last four days. In doing so, the cross-currency pair retreats from a three-week high while snapping a four-day winning streak. That said, a downward-sloping resistance line from early...
The EURGBP broke out of the triangle and beyond the 0.8820 price level to trade significantly higher as the price was driven by a weakening of the GBPUSD. Currently, the EURGBP consolidates just under the immediate resistance level of 0.8860, with a confirmation of further upside potential if the price breaks above the resistance level. Beyond 0.8860, the next...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.88600 zone, EURGBP is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.886 resistance zone. once bears are confirmed i would consider 0.875 zone as a target as it's considered the next major support...
EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved again at the weekly structure below a daily descending trendline and retest it a few times. I will wait for a potential break of the structure and IF the price will break above i will set a...
Based on the current market analysis, it appears that EURGBP is showing a potential bullish signal. The Average True Range (ATR) is currently positive, indicating that the market is experiencing volatility, which can provide opportunities for traders to profit. In addition, the Moving Average (MA) and other Technical Analysis (TA) tools suggest that the pair has...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87900 zone, EURGBP was trading in a downtrend and successfully managed to break it out. We will wait for a correction and then monitor the price action for a potential retrace of the trend at 0.87900. Trade safe, Joe.
EURGBP is trading inside a Triangle with its bottom being Support (1). This Support held on April 4th and the pair is rebounding. Today's pullback gives another buy opportunity. Trading Plan: 1. Buy for as long as the price is closing over Support (1). Targets: 1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's...
Hey Traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.874 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.874 support zone. once bulls are confirmed the first target would be 0.88 before hitting more highs. Trade safe, Joe.
hello traders EurGbp is in a nice clear downtrend comparing it with it inverse pair Gbpusd is one way to trade this pairs together adding with dxy is one way of trading this pairs .
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.878 zone, if we manage to get a breakout we will consider a potential retrace of the trend at the support and resistance zone mentioned in the chart. Otherwise the plan will be cancelled. Trade safe, Joe.
After we had a break of structure to the downside with momentum, price left an imbalance behind that it retraced to fill it. In the process, it also accumulated some liquidity that it is currently looking to use to fuel its move down to take liquidity it has formed at the bottom as well
my technical analyst is down trend on eurgbp, but fandamental news says, EUR is going well on economy, and UK is bad on budget , and houses rate, these are 2 different path . but i think EUR is lying, and both market will get more down, lets see.thank you for your time.
Hey Traders, EURGBP is trading in an uptrend and now seems to be in a correction phase in which the extending pullbacks are approaching the major uptrend around 0.87500 support and resistance zone, If the rejection is confirmed i would set 0.89 as a target as it's considered the next major resistance EURGBP will be facing. Trade safe, Joe.
EURGBP on the 4h chart after the test of the daily support at the 0.87400 area has created an impulse that broke the previous lower highs of the downtrend. The price moved above a weekly structure and retest it a few times. Is also interesting to see how the weekly structures lays exactly over the 0.618 Fibonacci area and the 0.5 is a 4h resistance. I will wait...