Taking a look at the daily chart, price action is testing a critical support area while RSI is indicating a bottom with the bullish divergence.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area. After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around. Price started to decline...
Hello,Traders! EUR-GBP is making a Pullback from the horizontal Resistance of 0.8590 And I think that we Will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Take a look at our analysis for EURGBP. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.853. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.857 level. P.S The term oversold refers to a...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85550 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85550 support and resistance area. Trade safe, Joe.
EURGBP - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURGBP Entry Point - 0.8531 Stop Loss - 0.8500 Take Profit - 0.8575 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Preferred direction: SELL Comment: Gold behaves quite surprisingly. After rather optimistic statistics from the US this week, the metal sank under pressure from the US dollar, while other instruments reacted much more modestly. Our first goal is almost achieved. However, a fall below 1980 is being considered, namely to 1960 . The growth potential of...
Preferred direction: SELL Comment: The British currency completely duplicates the situation with the EURUSD currency pair. Here, we also continue to stick to sales. The main target according to our previous trading ideas is the level of 1.25000 . Technically, and according to volume analysis, we have both an entry point and a resource in the form of...
EURGBP is falling towards a pullback support and might continue to fall further to the take profit level. Sell entry is at 0.85093 which is a pullback support. Stop loss is at 0.86235 which is a level that sits under an overlap resistance. Take profit is at 0.83448 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries...
Take a look at our analysis for EURGBP. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.855. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.858 level soon. P.S We determine oversold/overbought condition...
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 upward direction. ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance area. Trade safe, Joe.
My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8553 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8590 Recommended Stop Loss - 0.8536 About Used...
EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives. Reasons for further declines: 1) The Euro is weakening to the point where it...
Preferred direction: SELL Comment: Metals , as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after...
Preferred direction: SELL Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000 . The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade. Particular attention is paid to intraday time periods, where...
Preferred direction: SELL Comment: At the start of the new trading week, our market mood remains unchanged. Last week passed virtually without changes in medium-term trading. The priority for purchasing American currency remains. In principle, everything is formed for the euro , and we are ready for a fall. However, only the market itself knows when exactly...
EUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside. Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation). Stop loss is at 0.85350 which is a level that sits under a pullback...