Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 0.8382, which is an overlap resistance.
Our take profit will be at 0.8359, an overlap support level close to the 78.6% Fibo retracement.
The stop loss will be placed at 0.8399, which is an overlap resistance
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EURGBP is neutral on its 1D techhnical outlook (RSI = 48.804, MACD = -0.002, ADX = 22.675) as it consolidates having failed to cross over the 1D MA50. Given the 1 year Channel Down pattern, the 1D MA50 shouldn't stand as a Resistance for long, since the price is having this rebound after a clear LL on its bottom. We expect the 1D MA200 to be tested (TP = 0.8500)...
Price managed to break out of a strong support level @ 0.8375. Next level we will be looking at will be another strong support level @ 0.8349. Do note that there will be bullish pressure at around 0.8360 and do look out if entering this trade.
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8387
Bias - Bearish
Safe Stop Loss - 0.8403
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8360
About Used Indicators:
For...
Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8392, which is an overlap resistance and 61.80% Fibonacci retracement.
Our take profit will be at 0.8369, a pullback support level close to the 61.80 Fibo retracement.
The stop loss will be at 0.8419, an overlap resistance level.
High Risk Investment Warning...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the downward direction.
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i chose a selling opportunity because it
confirmed the sell abcd pattern i usually use
with point a at (0.84343), b (0.83530), c (0.83976), and possible point d at (0.83914).
currently, the price is at point c, and there is a confirmation to continue the drop.
this analysis does not guarantee certainty, always trade with caution and always be aware of the...
OANDA:EURGBP
After the price reaches the specified level,
Enter the SHORT
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
Market Analysis: EUR/GBP Consolidates Gains
EUR/GBP is rising and might climb above the 0.8435 resistance.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is gaining pace and trading above the 0.8400 zone.
- There was a break above a connecting bearish trend line with resistance at 0.8330 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis...
Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/GBP "European Cross" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap...
This pair have been moving down for a long time but within the down trend there are up swings and this is what we've been waiting for. Looks like there's finally a fundamental move to hopefully initiate the next upward leg.
If you're conservative then wait and buy on any pullbacks, or if not enter long now and hold.
Hello, Friends!
EUR-GBP downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.847 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/GBP pair.
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I'd like to see at least one wick of a major past price point on the htf which will reset the longs before any potential up movement. In general, fundamental wise, I literally have no idea why people long EURGBP while its obvious that EUR will further decrease its rates while GBP stays at it.
EURGBP weekly chart shows that the price is approaching a strong support zone of 0.83104-0.82226. If the price fails to break through the 0.82226 level, a rebound is likely. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
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Monthly Time Frame:
On the monthly chart, the price has reached a key demand zone that has historically shown strong buyer interest. This is a crucial area where we are now witnessing a significant reaction, indicating that buyers are stepping in. The bullish pressure from this zone suggests the potential for upward momentum in the coming weeks or months.
Daily...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84000 support and resistance area.
Trade safe, Joe.
![EURGBP: [SELL] EURGBP breaking out of support zone](https://s3.tradingview.com/o/OljmET4i_mid.png "[SELL] EURGBP breaking out of support zone")
