As I said yesterday, EurGbp found strong support above 0.9 and the correction from 0.93 recent high could be over.
The pair broke yesterday above down trend line resistance and now is trading stable above 0.91 psychological support.
In my opinion, dips towards 0.91 should be bought for a new restest of 0.93
Interim resistance is just above 0.92
EURGBP has broken the channel to the upside and the market is looking quite bullish. It will be best to buy this pair in retracement. When the market goes and retests the 0.382 or 0.5 fibo watch on 4H for a long opportunity.
After the strong rally at the beginning of September, EurGbp corrected and consolidated for more than a month now.
The pair seems to have found strong support just above the important 0.9 zone and now looks ready for a new leg up.
Dips should be bought for this pair and bulls can expect 0.93 as a target.
A daily close under 0.9 would negate this outlook.
Hello traders and investors , I think the EUR/GBP is going to rise because we have a break of the first resistance and another break of the second resistance .
so if you have any suggestions leave it in the comments area , as well don't forget "like"
The drop from 0.93 to 0.9 zone is clearly corrective in nature and after piercing through 0.9050 support, the pair reversed and looks like is resuming its up move.
EurGbp is facing a confluence of the trend line of the flag and horizontal resistance and a break here would accelerate gains for a new challenge of 0.93 recent top.
A dive back under 0.91 would put the...
EurGbp had a good run from 0.8860 to 0.9300 and after this a correction was normal.
This correction seems to be a simple ABCD pattern and I expect a new leg up from this pair
Dips above 0.9 should be bought and 0.9250 zone could be the target
EUR/GBP has seen a significant bullish move over the last couple of hours off the back of a strong climb from the lows at 0.8877 from last week. Price has now pushed past and closed on the 4H timeframe above the strong resistance at 0.9135. At the end of today if the daily candle closes above this strong level of resistance we will be looking for long...
Hello my friends,
Another setup for today is EURGBP pairs.
As usual, i only take trade after all my needed confirmations are met.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo is green colored
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
I am gonna buy EURGBP after it retrace a bit for a better...
The counter is now on the verge of completing a 3-wave bear cycle.
It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.
We expect the pair to kickstart a fresh bull cycle from here.
The counter is currently consolidating in a wedge pattern.
It hit the lower end of the range, formed an exhaustion candle and rose up sharply.
Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.