Market reactions are varied and uncertain due to the ongoing uncertainties in Russia and concerns about inflation. Key News: Eurozone - ECB President Lagarde Speaks USA - Building Permits USA - Core Durable Goods Orders (MoM) (May) USA - CB Consumer Confidence (Jun) USA - New Home Sales (May) On Monday, the US...
Hey Traders! 👋 For Day 39/100 of our challenge, we will look at EURGBP short idea and how we can trade the range Technicals: - Prior to range, structure was bearish - Strongly rejected 0.863 key level - Now retesting middle limit pivot area - 79% retracement rejected as well - Expecting the fill of range bottom at 0.852 Fundamentals: 🇪🇺 Despite ECB remaining...
My dear friends, Please, find my technical outlook for EUR/GBP below: The market is trading on 0.85750 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.86001 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the...
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURGBP pair price action which suggests a high likelihood of a coming move up. ❤️ Please, support our work with like & comment! ❤️
Hello,Traders! EUR-GBP broke out of the Falling wedge and is now Making a rebound from the Horizontal support below At 0.8536 and I am Expecting further growth With the target being A resistance level above At around 0.8627 Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#EURGBP Buy Idea .........................................................................
Overall trade based on the 4H break and retest of the descending channel. Buys in the strong rejection zone Getting a slow increase in money flow 4H view
Trying EURGBP lower here. We seem to still be following the moving averages down, nice double top above to let us know when we are wrong as well. The narrative to me see to still suggest lower. IFO data came in worse than expected earlier and i expect this to continue, HICP data is coming out later this week and i expect this to continue to push lower as well....
Preferred direction: BUY Comment: The outlook for the EURUSD currency pair is quite optimistic, despite the fact the last week passed as part of the strengthening of the US dollar. At the moment there is a potential false breakdown of the level 1.09071. As soon as the price closes above this level, then buy trades immediately take effect. The first target is at...
Euro has been completely destroyed by GBP money market rates. As of now all expectations have been released and further hikes may be required. EURGBP has been trading in the same price for 3 weeks and is starting to turn the tide. The market seems bottomed out.. as long as UK inflation data and employment data does not show hotter than expected data, then EUR...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction. 2:📆Monthly: A sideways to bullish market is...
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Dear colleagues, the price has broken through the channel, and I anticipate that it will test the swing area before reaching the resistance area at 0.8668. Alternatively, the price may immediately move towards our target area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.85750 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.85600 support and resistance zone. Trade safe, Joe.
Price was hit support line, and waiting to rejection by not hit the lowest price.
Preferred direction: BUY Comment: The buyer of the pound has also so far abandoned plans to go higher and at the moment it is the level of 1.26989 that is holding back from further falling. Most likely, the instrument may still dive lower, but it is unlikely that it will be below 1.26525. After that, you can confidently consider BUY. Thank you for like and...
🔰 Pair Name :EUR/GBP 🔰 Time Frame : 4hrs/ Daily 🔰 Scale Type : Mid/ Long Scale 🔰 Direction : SHORT /SELL The EURGBP price has reached the 4-hour resistance level at 0.8622, which is just below the daily resistance at 0.86325. If a bearish pin bar forms after the closure of the Daily candle, it indicates a potential reversal, and we can expect the price to retreat...
Preferred direction: SELL Comment: The pressure on the euro caused by fundamental factors, especially on Friday, forced buyers to retreat significantly and take aside plans to go to 1.10677. Now, the best way would be to wait for the approach to the support area 1.07882-1.08312. Thank you for like and share your views!