On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has...
✔️ EURGBP is expected to rise ✔️ Recommended to consider buying from the balance and premium level 0.8560 & 0.8536 Trade active: Now try to go up with new buyers... ⚠️ Buy the dips!!!
Based on the analysis of several indicators, it appears that FX:EURGBP is likely to experience an upward trend starting from next week. Signal Decomposition In the weekly chart, the signal decomposition indicates that all frequencies are pointing towards an upward movement, suggesting that the Euro (EUR) will dominate the British Pound (GBP) in the coming...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released...
EURGBP created a double top at the kill zone and psychological level at 0.86000. Price is moving in the descending channel, and it pulled back to the level where it dropped from. We anticipate a sell off and a bearish move since the trend is bearish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
After Friday's break under the recent low, EurGbp reversed yesterday leaving a strong bullish engulfing on our daily chart exactly in 0.8550 zone support. This bullish engulfing could be an indication that more gains are coming and the target for bulls could be 0.8720 resistance. In the case of a new low, this outlook is negated.
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for the positive sentiment in EUR is that the USD has been quite weak in recent weeks. But a good UP SIDE BIAS is coming for EUR...
The EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement. Several technical indicators support this bearish outlook. The pair's recent price action has formed a series...
Waiting for a retest of 0.86764 to short EURGBP back to 4H swing lows at 0.856763 If you agree drop a like and if you have any questions leave a comment :)
EURGBP has created a potential reversal sign as RSI printed a bullish divergence. We are waiting for a clean breakout to enter long in the market. Downside risk is limited.
EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices. Prices are consolidating near the cycle lows on the 1-hour chart...
Dear Traders, We have good buying opportunity on EURGBP, expecting EUR to be over the long term view and expecting GBP to be bearish over the next couple of months. Price currently in accumulation phase and it will drop to our 'point of interest' before it moves up. LIKE AND FOLLOW FOR MORE. Take care and much love!
EURGBP broke and closed below the consolidation zone following a massive sell-off. Price move is in the descending channel. The market is printing a potential AB=CD pattern. We anticipate a retest of consolidation, then sell the market. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello Traders In This Chart Forex ForecastEURGBP DAY By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
EURGBP is making a Strong Bullish Divergence. So, from here EURGBP make a Strong Bullish move.
Today's focus: EURGBP Pattern – Range/Descending Triangle Possible targets – .8600 Support – .8670 Resistance – .8705 Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
in terms of big trend the H4 pair is still in bullish. short analysis that I describe is the analysis if there is a trend correction. as long as the price does not rise higher than the invalid area then the possibility will still be bearish by forming a complex correction wave.
EURGBP has been consolidating for 3 weeks. It has really strong support at 0.8560 to 0.8570. There is a pattern to go long at the current price. With the strong consolidation, we can expect a big move upwards. The stop loss is very tight - just 30 pips below the strong support. This is counter trend and looking for a reversal.