Preferred direction: BUY Comment: Buyers were able to close above the specified level of 1.09526, that opens up prospects for growth to 1.10677. The parameters of the trade allow one to enter with a risk/profit ratio of at least 1/3. At the same time, Stop Loss must be placed under the level of 1.09526. Thank you for like and share your views!
Last week, price formed a Tower Bottom on the Daily, providing a clear support zone. The retracement has been done, and price has today confirmed the pattern by opening above the Tower Bottom pattern and EMA. Could be a slow trade, but good odds of reaching at least one target. Good luck!
EURGBP is rising towards a key overlap resistance and could potentially reverse from here. We could see price move down to our take profit target. Entry: 0.86283 Why we like it: There is an overlap resistance that sits under the 61.8% Fibonacci retracement level Stop Loss: 0.86693 Why we like it: There is an overlap resistance that sits under the 78.6% Fibonacci...
✅EUR_GBP is going up now But a strong resistance level is ahead at 0.863 Thus I am expecting a pullback And a move down towards the target of 0.8578 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Preferred direction: BUY Comment: The instrument has been gradually growing from the level of 1.26989 and there is a high probability that this trend will continue. A potential good entry point is at the level of 1.27695. After the price closes above this level, the prospect of growth to 1.28484 and even higher. Thank you for like and share your views!
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance zone. Trade safe, Joe.
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...
Preferred direction: BUY Comment: The ECB Symposium in Sintra kicks off today, with an introduction speech by Lagarde and other ECB members. Analysts suggest that more hawkish statements from ECB members are expected. Based on economic indicators, especially the "locomotive" of the EU economy - Germany, the situation in the EUR-area is not the most positive...
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...