My dear followers , My technical analysis for EUR/GBP is below: The market is trading on 0.87111 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Goal - 0.86603 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when...
Pound Sterling briefly dipped after the GDP data on Friday, but still found support on dips with GBP/USD around 1.2530 and GBP/EUR at 1.1475. The Pound to Dollar (GBP/USD) exchange rate strengthened to 1.2640 in an immediate response to the Bank of England policy decision on Thursday. There was, however, a notable reversal later in the session as risk appetite...
👩🏽💻Technical: Taking a look at the EURO, it's shown some weakness recently, unable to break the 0.88650 level despite several attempts. With daily support now broken, and a completed push > exhaustion cycle that also includes a rejection of the MA 200. 🎯 For an ideal entry: The price is currently within the channel. You could consider entering now, targeting a...
The recent price action on the EURGBP pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Hello Traders, I hope your week has been good. mine has been FANTASTIC and I'm not exaggerating. EURGBP right now has entered into an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect the price to retrace into the blue box which is my area of interest to look for a long setup. To be frank, I am not sure I will get my setup before...
After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply. 0.873 - 0.8765 is the area from where the next bearish move will most likely initiate. The next goal for the sellers will be 0.866 Because the underlined area is quite wide, look for an intraday confirmation before you sell. ❤️Please, support my work with like, thank you!❤️
Hello,Friends! EUR/GBP pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 17H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.876 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Monetary Policy: A Hawkish Stance? The BoE's impending monetary policy decision is a critical factor underpinning Sterling's performance. The analysts' consensus is that the BoE will adopt a hawkish stance, with a 25 basis point hike in the bank rate. This move would bring the bank rate to 4.50%, in line with market expectations. "We expect the BoE to hike...
EURGBP formed a bullish harmonic abcd pattern on a daily. Approaching its completion point, the price bounced and broke a resistance line of a falling wedge pattern on 1H time frame. I expect a pullback to 0.871 / 0.8727 ❤️Please, support my work with like, thank you!❤️
2 divergences are there. 1 was rejected and then new-formed. Euro(EXY) is bearish. The pound (BXY) is looking too bearish and weak against Euro. Take a risk of 2% of account size. Entry Point: 0.87180 Stop Loss: 0.87712 Take Profit 1: 0.87623 Take Profit 2: 0.88114
It can be seen that the strength of the buyers is still seen dominating in the last few candlesticks. If in the next movement pattern the confirmation to the buyer has been fulfilled. The market movement will be higher
EURGBP / 4H Hello traders, welcome back to another market breakdown. EURGBP has been trading inside a trading range. The price has finally broken. However, the Market is still in a Broad Channel, so there might be willing bulls to buy lore lower around an old breakout Point. Trade safely, Trader Leo.
We take a look at EUR/GBP ahead of the BOE rate decision... Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives,...
# DAILY -BOKE KEY SNR ZONE #4h - price bearish momentum #What to watch out -if u have not shorted this on ltf we can wait for a possible correction -and retest and a break from that consolidation for bearish push
Hello,Traders! EUR-GBP broke a support Cluster of the horizontal And rising support levels Around 0.874 and the Breakout is confirmed Because the 1D candle Closed below the confluence So a bearish continuaton Is now to be expected on The pair after the Potential pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
2 The simulation will have a very large impact in the medium term, in the D1 period it is seen that the possibility of movement can be 0.865 as a reference for a breakout or fake breakout. I still believe that a positive trend for EUR will occur.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87100 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.871 support and resistance zone. Trade safe, Joe.
✅EUR_GBP was trading above The key horizontal level of 0.873 But then a bearish breakout Happened and the breakout Is confirmed thus a bearish Continuation is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅