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!
EURGBP could fall towards an overlap support that aligns with the 61.8% Fibonacci retracement level. Price could hit the buy entry at 0.85654 and potentially reverse to bounce higher. Take profit is at 0.86309 which is an overlap resistance that sits under the 38.2% Fibonacci retracement level. Stop loss is at 0.85219 which is a recent swing-low. Please be...
Pair : EURGBP ( Euro / British Pound ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trendline and Retracement Break of Structure RSI - Divergence S / R Level Completed " 12345 " Impulsive Wave
EUR-GBP broke the falling Resistance line and while Struggling, still is making It's way up slowly so I Think that we will see A further move up !
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.865 support and resistance zone. Trade safe, Joe.
Fed Chair Powell's Testimony Dampens US Stock Market, BoE Set to Raise Rates Amid Bleak Outlook Key events: Switzerland - SNB Interest Rate Decision (Q2) Switzerland - SNB Press Conference UK - BoE Interest Rate Decision (Jun) UK - BOE Inflation Letter USA - Initial Jobless Claims USA - Existing Home Sales (May) USA - Fed Chair...
Preferred direction: BUY Comment: Market participants are waiting for the decision of the Bank of England on the interest rate, that, according to analysts' forecasts, is likely to be increased. Today, the rate has already been raised in Switzerland, and most likely the UK will also continue to raise, as there are reasons for that. Technically, the instrument...
EURGBP has given the breakout of important resistance zone, as it has already break through declining trendline. Bullish divergence signaling some long setup.
According to my analysis of the eurgbp pair. There is a high probability of an ascending trend with the breach of the descending channel. And breaking the strong resistance at 0.85400. good luck for everbody
Welcome back! Let me know your thoughts in the comments! ** EURGBP Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...