The cross is receding 0.06% at 0.8978 and a break below 0.8948 (21-day SMA) would expose 0.8872 (low Jun.20) and then 0.8826 (low Jun.5). On the flip side, the next hurdle is located at 0.9010 (monthly high Jul.10) seconded by 0.9062 (low Jan.11) and finally 0.9092 (2019 high Jan.3).
Analysis team placed sold EURGBP @0.8968 with the target @0.8877
I am Waiting for the breakout and preferably to retest the broken trend line support turning into resistance. then am going on a short for this pair.
A double top pattern that will cause declines Stochastic range 80, high range indicating a possible market correction. A market price correction signal at the market price, rather than a trend signal Target 0.8920
Analysis team sold EURGBP @ 0.88879 with the intra day target @0.8872
After a long Bullish moves, the uprise has stalled and slowed down. Price has start to create a Lower High and tried to break the Support (magenta zone) yesterday. However, be cautious as the price can still go upwards. We merely trade WHAT WE SEE, but the market forces is beyond anyone's control. EUR must weaken or GBP must strengthen in order for EURGBP to...
Seeing momentum weakness across higher time frames and double top on the hourly chart, as the market broke out the trend line, i am expecting the market to visit prior lows. Trade Safe and Good luck.
I developed what I believe is a foreseeable resistance and Support Zone on the 4 hr chart. Using proper money management should allow you to with stand any more bullish spikes. I would keep stacking positions if this pair rises in the next 48 hours. Remember to only risk 2% of your account per trade to make sure you're not completely taken out the game.
EUR/GBP failing to move up higher. We can expect a drop down on top of the 1H 200 EMA. Not the best trade, but the odds are there. Keep an eye on it and enter when you have enough confirmation that it's going to go for the short. Risk a very minimal amount on this trade as it's neither highly probable and only a 1:1 Risk:Reward ratio. The move is not yet...
Resistance broke , Potential Long if price continue to break higher. looking forward to 0.9x with some pull back at 0.833x, 0.889x,0.897x zone
Disclaimer - I could be Wrong/Trade at your own risk...
Hi there. Here's what I see. Let's see if it does goes down. Heh Heh... KHALID HAMID, Traders Awards Malaysia Best Trading Guru 2018
Conclusion for today’s EURGBP Analysis: Price closing above 0.86758 implies continuation of the bullish price swing from 0.84719. EUR GBP analysis for today is carried out on a 6 hour timeframe candle stick chart, with major attention drawn to price action between February 27, 2019 and April 16, 2019. The duration mentioned above saw the EUR GBP form a major...