EURGBP is breaking the descending triangle support and at the same time forming a retest of the previously broken boundary. Global trend, 0.85220 resistance plays a key role TA on the high timeframe: 1) A break of flat support defines a new path for price. A channel to 0.84600 is opened 2) Price is in the liquidity zone. The resistance level at 0.85220 may form a...
Hello,Traders! EUR-GBP is trading in a Downtrend and now we Are seeing a bearish Breakout so I think that The pair will keep falling Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: BUY Comment: The British has also been trading above the levels of buyers (1.28484), that contributes to further upward movement of buyers. The long-awaited target for buyers is the round level 1.30000. A rollback to 1.28484 is unlikely, and certainly not desirable for BUY-deal. Thank you for like and share your views!
Preferred direction: BUY Comment: The European currency had been trading above the level of 1.09623 and despite the intraday downward corrective movements, the BUY-priority for the instrument remains. There are suggestions that the instrument is going to re-test the level 1.09623. This maneuver is not a positive signal for buyers, since the currency pair...
M Formation has been in the making since 19 August 2022. The price then broke below the neckline, restested and is now showing a ton of downside to come. We have other indicators showing bearishness. 200>21>7 (bearish) RSI<50 (Lower highs) Target -0.8200 SMC (Buy Side Liquidity Order Block is clearly shown (green box) Smart Money sells into positions (and...
EURGBP 30m time frame demand level offering a risk profile of 4.5 R
Preferred direction: BUY Comment: The general local trend against the dollar, of course, also affected the EURUSD currency pair. Having broken through the level of 1.09623, as we expected, within the framework of the near re-test, the price will most likely continue to grow towards the level of 1.10677. Thank you for like and share your views!
Hello Traders, I just want to bring this trade outlook to your notice. Price recently swept the buy-side liquidity and created sell-side liquidity. With the current bullish rally, the price is approaching a daily FVG. If the FVG will hold and the price shows a CHOCH in the 1-hour timeframe, I would take a short trade to hunt the sell-side liquidity as drawn in...
Seems that EURGBP could have a bullish move in low timeframe. As we will have big news today, please take necessary precautions
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently seems to be attempting to break it out. if we get a breakout and rallies above the 0.85600 resistance area we would be looking for a potential retrace of the trend towards more highs. Trade safe, Joe.
EURGBP : BEARISH - Short Entry Price (Sell Stop) : 0.85158 Stop Loss : 0.85642 Take Profit : 0.84674
if the price does not fall more than the SnD and can break the bearish trendline, then the trend collapse is confirmed and the pair is heading to a bullish trend. if you see a bullish candle and rejectioan in the form of a doji when the price touches the SnD, this is one indicator of a reversal.
My dear friends , My technical analysis for EUR/GBP is below: The price is coiling around a solid key level - 0.85344 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 0.85602 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see how the price a few days ago bounced to the resistance level, which coincides with the seller zone and resistance line. Then it started to decline close to this line and fell to the current resistance level, which coincide with the buyer zone, but soon bounced...
Preferred direction: BUY Comment: Despite yesterday's drawdown amid very optimistic data on the US labor market, the metal retains its bullish potential. Today we are waiting for the final results. If the data is as positive as it was previously stated by the agencies, then even in this case the dollar will weaken, since yesterday, most likely, the buyers have...
Key News: USA - Average Hourly Earnings (MoM) (Jun) USA - Nonfarm Payrolls (Jun) USA - Unemployment Rate (Jun) During Thursday's trading session, the Dow Jones Industrial Average recorded a decline as robust job market data sparked expectations of further interest rate hikes by the Federal Reserve. This development subsequently led to a surge in Treasury...
Preferred direction: BUY Comment: Today is the long-awaited day of the whole week, including the breaking of the round level of 1.09000 and the approach to 1.09623. This expected movement will be made within the near retest of the level 1.09623 on the daily chart. In this case, the strength of the buyer will only strengthen and the medium-term growth above...
Hello,Friends! EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.863 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....