EURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be...
Preferred direction: BUY
Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300 . It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high.
The...
Preferred direction: BUY
Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds .
We identified the most likely scenario as growth from...
Preferred direction: BUY
Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week.
Growth is expected towards the level of 1.08000 . Two scenarios are...
Account FP - #1080732
EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 0.85498...
Take a look at our analysis for EURGBP.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.8546.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541...
✅EUR_GBP has retested a key support level of 0.8530
And as the pair is already making a bullish rebound
A move up to retest the supply level above at 0.8555 is likely
LONG🚀
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Hi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level...
Hello,Friends!
EUR/GBP pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.855...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 0.8596 which is a level that sits above a pullback resistance.
Take profit is at 0.8531 which is a pullback support.
High...
Hello,Traders!
EUR-GBP made a rebound
From the demand levels
Below around 0.8531
Just as I predicted but
Is now retesting the broken
Support line of the inclined
H&S pattern that broke to
The downside and this broken
Support line is now a rising
Resistance so I will be
Expecting the pair to make
A local bearish pullback
Sell!
Like, comment and subscribe...
📉 Let's analyze the EURGBP currency pair together across lower time frames and explore possible strategies and scenarios.
💹 This currency pair tends to form boxes and mostly trades within ranges across various time frames. Whether in higher or lower time frames, it moves within both large and small boxes.
💼 For range traders, especially in the 4-hour time frame,...
My dear followers,
I analysed this chart on EURGBP and concluded the following:
The market is trading on 0.8549 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8561
Safe Stop Loss - 0.8541
About Used Indicators:
A super-trend indicator is plotted on either above or...
Preferred direction: BUY
Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We...
Preferred direction: BUY
Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500...
Hello traders, we want to check the EURGBP chart. After breaking the uptrend line, the price has pulled back to the specified key level. We expect this level to act as a resistance level and the price will fall to around 0.85400. Good luck.
We expect Buy Limit towards our price with a great uptrend opportunity Because since the price has reached the Buy Limit price we can see a nice uptrend.
The recent price action on the EURGBP pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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