Hey traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.859 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
The EURGBP pair has been trading exactly as our last analysis projected on May 24:
The Channel Up on the 1D time-frame continues to be dominant after the bearish trend of 2021 broke. Key highlight is that the 1D MA50 (blue trend-line) has been holding since the price broke above on April 22 and today is going for a test. As long as it holds, the price remains...
EURGBP on the 4h chart is trading over a weekly support.
The price after the break and retets of the ascending trendline is now looking for a possible lower low.
How can i approach this scenario?
I will wait for the EU market open and if the price will break below support area i will check for a nice short order according to the Plancton's strategy...
Here is our technical view for EURGBP.
Our analysis is based on purely technical outlook.
According to our chart EURGBP is trading within a resistance cluster.
Based on our view the price will drop
to the next support level.
Please, support our analysis with like and comment!
❤️ Please, support our work with like & comment! ❤️
If price broke above 0.86256,then its high probability to rech near 0.86696.
If price broke below 0.86590,then its is high probability of price to reach 0.85648.
EURGBP has been trending for a while now. The price looks a little slowish at the top. It can be the distribution of the price. The barometer for the sell trade is the break of the horizontal support zone and a rising trendline.
Expect the price to move down if it breaks successfully.
✅EURUSD has reached an important support level again and has already rebounded. Now the price is showing signs of readiness to go up, but be careful, no one knows the future.✅
🚀 BUY scenario: long to 1.047.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for...
✅GBPUSD has reached the support level and has already bounced up. I expect the movement to continue.✅
🚀 BUY scenario: long to the resistance area.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
After various liquidity sweeps within this range, we may finally be ready to see some selling pressure.
I will be observing price action within this supply to locate a potential sell.
If price fails to reject this zone then we have to let price travel up to the main supply at the high before we search for sells again.
What a peculiar situation on EURGBP:
the pair has recently retraced from a key weekly structure.
Being stuck within a rising wedge pattern, I see 2 potential scenarios:
If the price breaks and closes above an underlined yellow resistance,
I will expect a bullish continuation to 0.885.
If the price breaks a support of the wedge to the downside on a daily,
I...
Hello,Friends!
EURGBP is bullish right now
And I think that the market conditions are right
For the pair to move up
Therefore, I think it is sensible to go long!
Like and subscribe and comment my ideas if you enjoy them!
Hello traders! In my opinion, in long term this pair will be in these levels :
Target one: Buy 1.0760
Target two: Buy 1.1120
Don`t forget to look the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
EUR
FUNDAMENTAL OUTLOOK: NEUTRAL
BASELINE
The EUR has had a bumpy ride over the past few months. At the onset of the war in Ukraine the EUR tumbled across the board. However, in recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in...
✅EUR_GBP is trading in an uptrend
In a massive rising wedge
So we are bullish biased
And after the retest of the support
The move up is to be expected
With the target being the mid-wedge
Rising resistance line above
LONG🚀
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We are waiting for the right situation. The main view is short
what is your opinion?
.This analysis is a person's opinion
.Follow me to see more analysis
.Analyzer: Joseph
.Date of analysis:29jun
As the GBPUSD retraces and further downside expected for the EURUSD, the EURGBP is likely to continue lower, following the move on the EURUSD.
However, look for price to break below support level of 0.8580 before anticipating a sell signal towards next support level at 0.85.
