EURGBP is a slow-mover in our opinion. However, we get paid on SELLS with this pair so it's always good to keep on the Watchlist. We are more interested in sells than buys for EURGBP due to seeing that price is at the all-time high levels. We see a potential area for Bears to enter this week/month (entry price and take profit price is noted on the chart analysis here).
EURGBP broke major downtrendline Above SMA 100 MACD shows bullish momentum we r waiting price to close above key level at 0.8795 to open long trade It's expected to target first resistance level at 0.8838 then finally target supply zone at level 0.8915
Opportunity again with GBP! It's movement is very definite. As long as we have a rise in GBP and a weakness in EUR, EURBGP will move down! Technically, we have an extremely well downtrend. On continuation, the first support is from the previous bottom 0.8741. And in case of a break comes 0.8693. The scenario breaks down when the trend breaks and cross the...
EURGBP is a buy the way it is now. Here we are using Volume Weighted Moving Average Channnel (VWMAC) of past 20 months. I would target 20 monthly VWMA Median. Good luck! For Educational Purposes.
THERE ARE STRONG RESISTANT LEVELS. BULLISH MOVEMENTS TOWARDS THESE RESISTANT LEVELS. DEPENDING ON STRUCTURE IF CANDLES DO NOT CROSS BACK OVER THERE IS STRONG POTENTIAL FOR A UPWARD CONTINUATION. TECHNICAL ANALYSIS ONLY. BASED ON FUNDAMENTAL ANALYSIS,STIMULUS IN THE US COULD DRIVE THE DOLLAR PRICE DOWN ONLY CAUSING MAJOR GAINS FOR CURRENCY I.E GBP, JPY, AUS, CHF...
EURGBP after our last idea almost reached the monthly support as expected. The price is moving between 2 narrowing trendline and is creating a falling wedge. If the market will bounce over the support and break above the upper trendline we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Technical Overview: - EUR/GBP We had seen the bearish run down raiding the support level at 0.88500 many buyers and sellers were interested in this very special level. Due to the fact that the market likes to move where there is liquidity, it is no surprise that we raid this very key lows. Many of us are taught to buy where price is mostly rejecting, and that's...
EURGBP could pull back to trendline, more upside !
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8794). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
LONG GBPEUR THIS WEEK TO 1.1560 No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE) Direct Message me for info. Follow and share for more clean ideas looking to make a change in all this guess...
EURGBP is currently trading below a major horizontal weekly/daily level. 0.886-0.889 structure was perfectly respected multiple times since spring 2020 and strong bullish impulses legs followed from that. Being broken to the downside recently, that structure turned into a major structure resistance. Now we have a bearish bias on a pair, and in a long run, we...
EURGBP moved a little higher on Friday but is still not far from recent multi-month lows. Price once again closed at a BUY zone. This pair has been weighed by the UK’s comparatively swift vaccination efforts in January and amid EU vaccine delivery delays. If price hits 0.88348 for us in this week's market open, we can expect to ride this Bull up to 0.88860 or...
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/GBP ⚪ Technical Analysis : Since the beginning of January 2021, the price has been following an interesting descending...
BUY opportunity on EURGBP valid through 2-3-2021
Consolidation is giving way to a fresh test lower, whilst intraday studies track lower, with prices currently retesting critical support at the 0.8815 Fibonacci retracement. Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance...
EURGBP creating a falling wedge. Wait for a clear impulse up and then enter on retest. Loads of room to move! See example on the chart as to what I'm anticipating. If you like my ideas, give it a thumbs up!
EURGBP creating a falling wedge. Wait for a clear impulse up and then enter on retest. Loads of room to move! See example on the chart as to what I'm anticipating. If you like my ideas, give it a thumbs up!